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MissouriHB24232026 Regular SessionHouse

Revises statutory provisions under Division of Finance by creating a new fund for depositing moneys collected and paid from licensing fees

Sponsored By: Philip Oehlerking (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

7 provisions identified: 1 benefits, 3 costs, 3 mixed.

Supervised lenders lose bond and examiner charges

The director can no longer require supervised consumer credit lenders to file the specified $1,000 bond. The law also removes express charges for examiners’ actual travel expenses and a $100 daily allowance per examiner. Necessary examination costs remain chargeable when a supervised lender is examined more than once yearly, or another lender is examined.

Higher filing-fee ceiling for credit services

Missouri’s director of finance can charge credit services organizations up to $1,000 to file a registration statement. The former maximum was $400. The fee must be reasonable, and the director does not have to charge the maximum.

License fees for title and small-loan lenders

Missouri title lenders and covered lenders making unsecured loans of $500 or less pay director-set license fees capped at $5,000. The cap is $1,000 for applicants that never exceeded 100 active accounts during the previous licensing year. Each additional location can cost up to $1,000. The small-loan category excludes banks, trust companies, credit unions, savings banks, and savings and loan companies. Annual fees go to the Consumer Licensing Fund and are due December 31 for the January 1–December 31 licensing year.

License fees for wage-access and funding providers

Earned wage access providers must get a Missouri license. They, supervised consumer credit lenders, and consumer legal funding companies pay director-set license fees capped at $5,000. The cap is $1,000 for applicants that never exceeded 100 active accounts during the previous licensing year. Each additional location can cost up to $1,000. Annual fees go to the Consumer Licensing Fund and are due June 30 for the July 1–June 30 licensing year.

Dedicated fund supports Missouri financial oversight

The law creates Missouri’s Consumer Licensing Fund for money directed into it by law. The Division of Finance can use it only for administration costs not otherwise payable from three existing funds. Those are the Division of Finance, Residential Mortgage Licensing, and Division of Savings and Loan Supervision funds. Unspent balances and investment earnings stay in the new fund. This provision sets no fee amount or appropriation.

New fee caps for financing companies

Missouri financing institutions and sales finance companies replace their former $600-per-location fee with director-set license fees. The license fee can reach $5,000, plus up to $1,000 for each additional location. The license-fee cap is $1,000 for applicants that never exceeded 100 active accounts during the previous licensing year. Annual fees are due December 31 for the January 1–December 31 licensing year. Payments go to the Consumer Licensing Fund.

Premium finance companies face new licensing fees

Missouri premium finance companies must get licenses instead of registering, replacing the former $600 annual registration fee. Director-set license fees are capped at $5,000, plus up to $1,000 for each additional location. The license-fee cap is $1,000 for companies that never exceeded 100 active accounts during the previous licensing year. Annual fees go to the Consumer Licensing Fund and are due June 30 for the July 1–June 30 licensing year. A revised application after a material information change costs another $300.

Sponsors & Cosponsors

Sponsor

  • Philip Oehlerking

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 513 • No: 0

House vote • 4/2/2026

Truly Agreed To and Finally Passed

Yes: 152 • No: 0

House vote • 4/2/2026

Reported Do Pass

Yes: 8 • No: 0

House vote • 4/2/2026

House Adopts

Yes: 148 • No: 0

House vote • 4/2/2026

Reported Do Pass

Yes: 8 • No: 0

Senate vote • 4/1/2026

Third Read and Passed

Yes: 29 • No: 0

House vote • 2/19/2026

Third Read and Passed

Yes: 146 • No: 0 • Other: 3

House vote • 2/10/2026

Reported Do Pass

Yes: 9 • No: 0

House vote • 1/28/2026

Reported Do Pass

Yes: 13 • No: 0

Actions Timeline

  1. Delivered to Secretary of State (G)

    4/23/2026House

  2. Approved by Governor (G)

    4/23/2026House

  3. Delivered to Governor

    4/15/2026House

  4. Signed by President Pro Tem

    4/15/2026Senate

  5. Signed by House Speaker

    4/15/2026House

  6. House Message

    4/2/2026House

  7. Truly Agreed To and Finally Passed - AYES: 152 NOES: 0 PRESENT: 0

    4/2/2026House

  8. House Adopts - AYES: 148 NOES: 0 PRESENT: 0

    4/2/2026House

  9. Taken Up

    4/2/2026House

  10. Reported Do Pass - AYES: 8 NOES: 0 PRESENT: 0

    4/2/2026House

  11. Voted Do Pass

    4/2/2026House

  12. Executive Session Completed

    4/2/2026House

  13. Referred: Fiscal Review

    4/1/2026House

  14. Reported to the House with... - SS

    4/1/2026House

  15. Third Read and Passed - AYES: 29 NOES: 0 PRESENT: 0

    4/1/2026Senate

  16. SS Adopted

    4/1/2026Senate

  17. SS Offered

    4/1/2026Senate

  18. Taken Up for Third Reading

    4/1/2026Senate

  19. Reported Do Pass

    4/1/2026Senate

  20. Voted Do Pass

    3/30/2026Senate

  21. Executive Session Held

    3/30/2026Senate

  22. Referred: Fiscal Oversight

    3/25/2026Senate

  23. Reported Do Pass

    3/25/2026Senate

  24. Voted Do Pass

    3/10/2026Senate

  25. Executive Session Held

    3/10/2026Senate

Bill Text

  • Truly Agreed

    4/2/2026

    PDF

  • Perfected

    2/17/2026

    PDF

  • Senate Substitute

    1/28/2026

    PDF

  • Introduced

    1/7/2026

    PDF

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