What percentage of payments made is returned to the purchaser if the contract is canceled due to non-payment?

In Missouri, when it comes to the cancellation of a funeral contract due to non-payment, the law provides specific guidelines about how much of the payments made should be returned to the purchaser. If a contract is canceled because of the purchaser's failure to make the required payments, the funeral service provider is required to refund 85% of the payments that have been made.

This percentage reflects the intention of the law to protect consumers while balancing the interests of funeral service providers. It ensures that consumers who may be struggling with payment issues are still afforded a majority of their investment back, recognizing that situations can change, leading to non-payment.

Understanding this aspect of Missouri Funeral Directors Law is crucial for both funeral directors and consumers, as it emphasizes the importance of maintaining communication and seeking solutions regarding payment. The law aims to provide a fair resolution for both parties involved in funeral service contracts.