MO HB2114

Requires debt collectors conducting business in Missouri to post a $100,000 bond or security with the Department of Insurance, Financial Institutions and Professional Registration before operating.

Defines "conduct business in Missouri" to include collecting debts from Missouri residents, pursuing Missouri court judgments, or targeting a debtor's funds/wages/assets in Missouri, regardless of the collector's physical location.

Restricts post-judgment interest collection to original individual plaintiffs or creditors represented by a Missouri-licensed attorney, prohibiting debt collectors from collecting such interest.

Prohibits debt collectors from making direct contact with prospective clients, using the same definition as Supreme Court Rule 4.7-3.

Applies Missouri consumer protection laws (chapter 407) to debt collectors and exempts the requirements from those collecting judgments against non-individuals; authorizes the Department of Insurance, Financial Institutions and Professional Registration to promulgate implementing rules.