MissouriSB8342026 Regular SessionSenateWALLET

Creates new provisions relating to mortgage modifications

Sponsored By: Sandy Crawford (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Sellers gain sale-leaseback lawsuits and damages

Sellers harmed by a sale-leaseback violation can sue for actual losses plus $10,000 in statutory damages. They can also seek attorney fees, court costs, and court orders to stop violations or provide other relief. The Missouri Attorney General can seek up to $10,000 per violation, repayment to harmed sellers, and orders stopping violations. Parties cannot waive or change these legal duties or remedies by agreement. Terms attempting this in agreements signed, changed, or extended after the section's effective date are void from the start and unenforceable.

More safeguards when selling and renting back

Missouri protects individual sellers who sell a current or former residence with one to four units and rent to stay or return. Buyers must give sellers a bold, single-page disclosure at least 14 calendar days before signing the sale-leaseback agreement. It warns about losing ownership, eviction for breaking lease terms, losing buyback rights, and effects on credit, taxes, and legal rights. It urges advice from a lawyer, real estate agent, housing counselor, tax advisor, and appraiser. Both parties must sign the disclosure when signing the agreement; buyers must provide a signed copy within five days, and title cannot be delivered, recorded, or otherwise transferred until 30 days after signing.

Mortgage changes keep existing legal standing

For covered changes made on or after these mortgage rules take effect, mortgages keep their priority over competing claims without recording the change, regardless of when the original debt began. The mortgage still secures the changed debt, which is not treated as a replacement debt. Covered changes include maturity extensions, rate decreases and specified rate changes, adding unpaid amounts to the balance or reducing debt, escrow, insurance, advance-funding conditions, financial promises, and resulting payment changes. The rule excludes adding or releasing property, changing who owes the debt, or transferring the mortgage or debt. The law also recognizes electronic records and signatures for mortgage changes, but does not authorize electronic delivery of notices excluded under federal electronic-signature law.

Sponsors & Cosponsors

Sponsor

Sandy Crawford
Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 21 • No: 0

House vote • 4/23/2026

Reported Do Pass

Yes: 9 • No: 0

House vote • 4/15/2026

Reported Do Pass

Yes: 12 • No: 0

Actions Timeline

Delivered to Secretary of State (G)
7/9/2026
Approved by Governor (G)
7/9/2026
Delivered to Governor
5/28/2026
Signed by House Speaker
5/28/2026House
House Message
4/29/2026House
Truly Agreed To and Finally Passed
4/29/2026
Title of Bill - Agreed To
4/29/2026
Taken Up for Third Reading
4/29/2026House
Reported Do Pass - AYES: 9 NOES: 0 PRESENT: 0
4/23/2026House
Voted Do Pass
4/23/2026House
Executive Session Completed
4/23/2026House
Referred: Rules - Administrative
4/21/2026House
Reported Do Pass - AYES: 12 NOES: 0 PRESENT: 0
4/15/2026House
Voted Do Pass
4/15/2026House
Executive Session Completed
4/15/2026House
Public Hearing Completed
4/8/2026House
Referred: Financial Institutions
4/1/2026House
Read Second Time
3/26/2026House
Reported to the House and First Read
3/25/2026House

Bill Text

Truly Agreed to and Finally Passed
4/29/2026
PDF
Introduced
PDF
Perfected
PDF

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