Redemption of certificate of title — expiration or default, lender may ...

367.521. Redemption of certificate of title — expiration or default, lender may proceed against collateral. — The borrower shall be entitled to redeem the security by timely satisfaction of the terms of the title loan agreement. Upon expiration or default of a title loan agreement, the title lender may proceed against the collateral pursuant to chapter 400 , and with sections 408.551 to 408.557 , and sections 408.560 to 408.562 . (L. 1998 H.B. 1526 § 8, A.L. 2001 H.B. 738 merged with S.B. 186)