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MissouriHB24232026 Regular SessionHouseWALLET

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

5 provisions identified: 1 benefits, 2 costs, 2 mixed.

Higher licensing fees for lenders

The law sets one fee framework for many lender licenses, including sales finance, consumer-credit, title, small-dollar, and consumer legal funding. The director can set a base license fee up to $5,000 and up to $1,000 for each extra location. If you had 100 or fewer active accounts last year, your base fee cannot exceed $1,000. License years run either Jan 1–Dec 31 or July 1–June 30, depending on license type. All fees go to the Consumer Licensing Fund.

Legal funding firms can keep operating

Consumer legal funding companies that filed during the set window between Aug 28, 2023 (or when applications opened) and six months after may keep operating while their license application, or an affiliate’s, is pending. This permission lasts until all appeals from any denial are finished. Check your filing date to confirm eligibility.

Higher registration fee for credit services

Credit services organizations must pay a higher filing fee cap. The director may charge up to $1,000 to register, up from $400. The fee covers filing costs, and the director cannot require information beyond the registration statement.

New lender license rules and exam costs

Licensed lenders must pay the necessary costs when the Division examines them more than once a year or does extra exams. The law deletes the old $100 per-diem limit for exam officials. Also, lenders now must hold a license (not a certificate of registration) before making consumer credit loans. The application must be in the form the director sets, and posting rules carry over.

New Consumer Licensing Fund for fees

The law creates the Consumer Licensing Fund in the state treasury. Fees that the law directs to this fund pay Division of Finance licensing costs. Money left at the end of a two-year period does not go to general revenue. Interest earned stays in the fund.

Sponsors & Cosponsors

Sponsor

  • Philip Oehlerking

    Republican • House

Cosponsors

  • This bill has no Co-Sponsors.

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 176 • No: 0

House vote • 4/2/2026

Reported Do Pass

Yes: 8 • 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)

    4/23/2026

  2. Approved by Governor (G)

    4/23/2026

  3. Delivered to Governor

    4/15/2026

  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

    4/2/2026

  8. House Adopts

    4/2/2026House

  9. Taken Up for Third Reading

    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

    4/1/2026Senate

  16. SS Adopted

    4/1/2026Senate

  17. SS Offered

    4/1/2026

  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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