Missouri Administrative Code

(D) The division will make a good faith effort to informally PURPOSE: This rule implements the purposes of section 374.185, resolve issues and prepare a final report after receipt of the RSMo, and establishes uniform standards for the director company’s written comments, submissi…

response of the company, at its option, and any negotiated PURPOSE: This rule implements the purposes of section 374.185, text of the examination report and the concluding document, RSMo, and establishes uniform post-examination standards for whether that is an administrative ord…

(Rescinded July 30, 2019) long as they are readily available to Missouri market conduct examiners as set forth under this rule. Missouri policy records AUTHORITY: sections 374.045, 375.948 and 375.1018, RSMo 2000. shall include the following: Original rule filed Nov. 1, 2007, eff…

B. The application shall bear a clearly legible means PURPOSE: This rule describes the requirements for record keeping by which an examiner can identify any insurance producer for insurers and related entities doing business in this state. This involved in the transaction. The ex…

the Insurance Market Regulation Division ................................................3 JOHN R. ASHCROFT (10/31/19) CODE OF STATE REGULATIONS 1 Secretary of State Chapter 9—Filing Requirements 20 CSR 100-9 Title 20—DEPARTMENT OF tracking number, that has not yet been treat- ru…

PURPOSE: This rule gives a general descrip- tion of the organization and operations of the Division of Credit Unions, as required by sec- tion 536.023, RSMo (1986) (Refer to section 370.100, RSMo (1986) for statutory provi- sions relating to the organization of the divi- sion.) (…

Union Examinations Union Records ence material. For anyone desiring a person- PURPOSE: This rule sets forth the frequency al copy, this reference publication is avail- PURPOSE: This rule sets the location and able from the Superintendent of Documents, of credit union examinations…

Newly Chartered Credit Unions be on terms no more favorable than those PURPOSE: This rule establishes the require- available to other members and be acceptable PURPOSE: This rule sets forth certain stan- ment of maintaining current written lending to the director of the Division …

accepted accounting principles and meet reg- lending delinquent installment according to note con- ulatory requirements for full and fair disclo- tract, as follows: sure. The allowance account will be adjusted PURPOSE: This rule establishes the basic (A) Loans on which the oldest…

effective Feb. 11, 1989. Amended: Filed Oct. money or the number of full payments Loss 11, 1991, effective March 9, 1992. Amended: received against the amount of money or the Filed Aug. 9, 2001, effective Feb. 28, 2002. PURPOSE: This rule sets forth certain provi- number of full …

of Credit Union 2012. defined as the “surviving credit union”; (B) The terms and conditions of the pro- PURPOSE: This rule outlines the procedures *Original authority: 370.100, RSMo 1939, amended 1945, posed merger and the mode of carrying the for liquidating a credit union which…

Small Share Balances: How to Handle Emergency amendment filed Feb. 14, 1984, invest in accounts of federally insured savings effective Feb. 24, 1984, expired June 23, and loan associations and savings banks. PURPOSE: This rule gives the procedures for Attention is called to the f…

and Obligations .............................................................................12 20 CSR 1100-2.135 Credit Union Investments: Other .........................................................13 20 CSR 1100-2.160 Call Reports ...........................................…

shall be submitted to the director of the Divi- ments: Other 2000.* This rule originally filed as 4 CSR sion of Credit Unions within thirty (30) days 100-2.135. Emergency rule filed Feb. 14, PURPOSE: This rule lists those additional of the completion. 1984, effective Feb. 24, 198…

This rule originally filed as 4 CSR 100-2.130. security as soon as possible. The board of Committee Original rule filed Sept. 14, 1972, effective directors is responsible for determining the Sept. 24, 1972. Amended: Filed Dec. 15, permissibility of an investment which should PURP…

Assets lar entity other than a natural person. (Rescinded July 30, 2016) 20 CSR 1100-2.205 Deposit and Securing of Public Funds (2) Any credit union which receives deposits AUTHORITY: sections 370.075 and 370.100, from nonmember nonnatural persons must RSMo 2000. This rule origin…

Thrift Accounts governments and political subdivisions, sub- inal rule filed May 11, 1984, effective Aug. ject to the terms, rates and conditions as may 11, 1984. Amended: Filed Dec. 15, 2000, PURPOSE: This rule defines special share be established by the board of directors. effe…

Bank Secrecy Act Compliance: Federal Insurance Requirements ..................14 20 CSR 1100-2.240 Rules of Procedure ..........................................................................15 2 CODE OF STATE REGULATIONS (6/30/16) JASON KANDER Secretary of State Chapter 2—State…

(7) Stipulations. The respondent may stipu- PURPOSE: This rule establishes procedures late to any or all of the facts set forth in the for the hearings required by sections notice of charges. Such procedure is desirable 370.157–370.165, RSMo, that establish pro- wherever practica…

Union Member Accounts PURPOSE: This rule acknowledges the statu- tory requirement for federal deposit insurance on all credit union member accounts. (1) Every credit union shall obtain and main- tain deposit insurance from the National Credit Union Share Insurance Fund (NCUSIF). …

1984, effective Feb. 24, 1984, expired June work Interchanges 23, 1984. Original rule filed March 12, PURPOSE: On July 13, 1983 the Board of 1984, effective June 11, 1984 Moved to 20 Governors of the Federal Reserve System CSR 1100-4.005, effective Aug. 28, 2006. announced its ap…

PURPOSE: The purpose of this rule is to comply with section 536.023, RSMo Supp. 1998, which requires each agency to adopt as a rule a description of its operation and the manner in which the public may obtain infor- mation or make submissions or requests. (1) The Credit Union Com…

sion, and any other costs assessed by the PURPOSE: The Credit Union Commission commission may be taxed against a party as was established to approve or disapprove determined by the commission. each regulation proposed by the director of the Division of Credit Unions; to hear and …

PURPOSE: This rule defines several terms (1) “Immediate family” is defined as spouse, (2) A credit union requesting the ability to that are used in Missouri credit union law, child, sibling, parent, grandparent, grand- serve a geographic area must document that child, aunt, uncle…

(A) Lack of volunteers or other resources. PURPOSE: This rule sets forth criteria the 1. Documentation in the form of letters Credit Union Commission has determined to from the group desiring credit union mem- be important for the likelihood of success in bership indicating the l…

Limitations on Groups *Original authority: 370.063, RSMo 1998. PURPOSE: This rule sets forth the criteria the Credit Union Commission may consider when determining whether or not to approve a request for an exemption from the limita- tions on groups, established pursuant to 370.0…

PURPOSE: The purpose of this rule is to comply with section 536.023, RSMo (1986) which requires each agency to adopt as a rule a description of its operation and the methods where the public may obtain information or make submissions or requests. (1) The State Banking Board deter…

from the decision of the state banking com- served by mail, by the commissioner, at the PURPOSE: The State Banking Board was missioner as provided by law and the State direction of the board and a copy shall be established to hear appeals from certain deci- Banking Board shall he…

required to obtain a license or certificate of PURPOSE: This rule complies with section registration from the Division of Finance. A (9) Mortgage brokers are subject to licensing 536.023(3), RSMo, which requires each certificate of registration must be obtained for per sections 4…

acquire a Missouri-based bank. PURPOSE: Section 362.915, RSMo, pro- hibits a bank holding company from obtaining Section 362.915, RSMo sets a maximum size control of a depository financial institution if to which a holding company may grow the combined deposits of the holding com…

al Provisions est to be determined by applying the contract license. If a loan is renewed without the rate of interest to the principal balance and required principal reduction, the section 500 PURPOSE: Section 500 companies are dividing that result by the number of days in compa…

(Rescinded March 30, 2025) AUTHORITY: section 361.727, RSMo 2000. This rule originally filed as 4 CSR 140-12.010. Original rule filed Dec. 11, 1990, effective April 29, 1991. Emergency amendment filed March 27, 1995, effective April 14, 1995, terminated May 1, 1995. Emergency ame…

Rescinded: Filed Sept. 18, 2024, effective March 30, 2025. PURPOSE: This rule defines certain terms used in the administration of the Missouri Family Trust Company Act and in the corresponding rules, forms, and orders made. 20 CSR 1140-120.030 Application to Register as a Foreign…

(Rescinded March 30, 2025) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

(Rescinded March 30, 2025) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 20 CSR 1140-120.040 Annual Registration Report (Rescinded March 30, 2025) . . . . . . . . . . . . . 3 20 CSR 1140-120.050 Records . . . . . . . . . . . . . . . . . . . . . . .…

Any such request for additional information will be made PURPOSE: This rule prescribes the examination process under the by the director within thirty (30) days after receipt of the 4 CODE OF STATE REGULATIONS (2/28/25) Denny Hoskins Secretary of State 20 CSR 1140-120—DEPARTMENT …

ments and General Provisions AUTHORITY: section 408.510, RSMo Supp. PURPOSE: Section 408.510 companies (con- 2001.* This rule originally filed as 4 CSR sumer installment lenders) are required by 140-13.010. Original rule filed Feb. 15, 2002, section 408.510, RSMo, to obtain a lic…

enlarge this period of time— PURPOSE: This regulation requires state- (A) On his/her own order; chartered savings and loan associations to (B) On request of any association in mat- file duplicate copies of all filings, applica- ters other than contested cases; tions, protests and…

effective Nov. 13, 1978. Changed to 4 CSR and Enlargement 140-14.020, effective July 6, 1994. Moved to PURPOSE: This rule establishes a uniform 20 CSR 1140-14.020, effective Aug. 28, 2006. interpretation of the dates on which certain *Original authority: 369.299, RSMo 1971, amend…

dures filed as 4 CSR 260-3.011. This rule previous- (4) All business of the association shall be ly filed as 4 CSR 140-15.011. Original rule PURPOSE: This regulation establishes accounted for in accordance with generally filed June 12, 1981, effective Sept. 11, 1981. accounting a…

Mortgage Loans, Mortgage-Related Securities and Certain Debt Securities ...3 20 CSR 1140-15.040 Subordinated Debt Security ...............................................................3 20 CSR 1140-15.050 Mutual Capital Certificates..............................................…

tificates is authorized, by resolution or resolutions from time-to-time adopted and approved by PURPOSE: This rule allows the issuance of the director of the Division of Finance, to mutual capital certificates by a state-char- provide in supplementary sections for the tered mutua…

Mobile Facilities and Tandem Branch (E) Commission shall mean the State these hours, aggregating a total of not less Savings and Loan Commission; and than four (4) hours a day, as the association’s PURPOSE: This regulation creates a uniform (F) Protestant means any state associat…

Filed July 14, 1978, effective Nov. 13, 1978. office in such a manner as could be verified PURPOSE: This regulation requires an asso- Amended: Filed Aug. 15, 1983, effective Nov. by an examination performed by the division. ciation to file an application for an agency 11, 1983. A…

(B) The functions to be performed at the 28, 2006. agency; PURPOSE: This regulation allows an associ- (C) The estimated volume of business at *Original authority: 369.299, RSMo 1971, amended ation to file an application to establish a loan 1994. the agency; office. (D) The estima…

case basis. PURPOSE: This regulation requires savings and loan associations to establish a general AUTHORITY: sections 369.014, 369.299 and reserve account in compliance with applica- 369.224, RSMo 1994.* This rule originally ble federal regulations. filed as 4 CSR 260-5.020. Thi…

PURPOSE: This rule establishes the mini- mum amount of liquid assets required to be maintained by associations. (1) Liquid Assets Defined. Liquid assets shall include cash on hand and in deposits with banks, including Federal Home Loan Banks, and such other assets as may be deter…

Contested Cases requirement, if in his/her discretion, the par- (4) Procedures Following Hearing. ties are so numerous that this requirement (A) Post-Hearing Motions. Motions filed PURPOSE: This regulation establishes the would be unduly onerous. after the close of the hearing sh…