Title XXIX, OWNERSHIP AND CONVEYANCE OF PROPERTY

443.857. Licensee shall maintain at least one full-service office with staff, duties to handle matters relating to mortgage — waiver, when. — Each residential mortgage loan broker shall maintain, in the state of Missouri, at least one full-service office with staff reasonably ade…

443.861. Transfer or sale of residential mortgage, notice to be given to mortgagor, contents. — Whenever the servicing of a residential mortgage is transferred or sold by a residential mortgage loan broker, notice shall be given to the mortgagor simultaneously with such transfer …

443.863. Unlawful discrimination for refusal to loan or vary terms of the loan. — It is unlawful discrimination to refuse loans or to vary the terms of loans or the application procedures for loans because of: (1) The borrower's race, color, religion, national origin, age, gender…

443.865. Escrow accounts, placement by brokers — authority for rules. — The director may promulgate rules with respect to placement in escrow accounts by any residential mortgage loan broker of any money, funds, deposits, checks or drafts entrusted to the residential mortgage loa…

443.867. Disclosure statement required of brokers, content — fee — compensation. — 1. Each residential mortgage loan broker shall disclose, within a loan brokerage disclosure statement and fee agreement with each borrower: (1) Whether the licensee makes loans; and (2) Whether the…

443.869. Powers and duties of director — rulemaking authority. — 1. The functions, powers and duties of the director shall include the following: (1) To issue or refuse to issue any license as provided in sections 443.701 to 443.893; (2) To revoke or suspend for cause any license…

443.871. Director may issue subpoenas and subpoenas duces tecum — authority to administer oaths. — The director may issue and serve subpoenas and subpoenas duces tecum to compel the attendance of witnesses and the production of all books, accounts, records and other documents and…

443.873. Failure to comply with subpoenas, director may petition circuit court for compliance order, injunctive relief and other remedies authorized. — If any person does not comply with a subpoena or subpoena duces tecum issued or caused to be issued by the director, the directo…

443.875. Bond may be required, conditioned on compliance with subpoena, when. — When it appears to the director that the compliance with a subpoena or subpoena duces tecum issued or caused to be issued by the director pursuant to sections 443.871 to 443.877 is essential to an inv…

443.877. Writ of attachment authorized on failure to comply with subpoena. — In addition to the other provisions of sections 443.871 to 443.877, the director may seek a writ of attachment or an equivalent order from the circuit court having jurisdiction over the person who has re…

443.879. Reports required, failure to comply, penalty. — 1. In addition to any reports required pursuant to sections 443.701 to 443.893, every licensee shall file such other reports as the director shall request. 2. Any residential mortgage loan broker or any officer, director, e…

443.881. Suspension or revocation of license, grounds — procedure, penalties. — 1. Upon written notice to a licensee, the director may suspend or revoke any license issued pursuant to sections 443.701 to 443.893 if the director makes a finding of one or more of the following in t…

443.883. Director to maintain a staff capable of investigations — licensees to open record for investigators. — The director shall at all times maintain staff and facilities adequate to receive, record and investigate complaints and inquiries made by any person concerning section…

443.885. Report to be filed with director annually, contents. — On or before March first of each year, each residential mortgage loan broker, except exempt persons shall file a report with the director which shall disclose the following information with respect to the immediately…

443.887. General rulemaking powers of director. — 1. In addition to such other powers as may be prescribed by sections 443.701 to 443.893, the director may promulgate rules consistent with the purpose of sections 443.701 to 443.893, including, but not limited to: (1) Such rules i…

443.889. Court action to recover compensation for services, proof that services performed by valid licensee required, exception. — Unless exempt from licensure pursuant to the provisions of sections 443.701 to 443.893, no person engaged in, or offering to engage in, any act or se…

443.891. Charge in support of removal or prohibition notice issued on certain findings of conduct. — 1. Upon making any one or more of the following preliminary findings, the director may issue a notice of charges against a licensee in support of an order imposing a fine, requiri…

443.893. Receiver or conservator to be appointed by court, when — attorney general's duty. — When the director makes a finding that a receivership or conservatorship is necessary to protect consumers of a licensee from the consequences of the licensee's failure to comply with the…

443.901. Reverse mortgage act — definitions. — 1. Sections 443.901 to 443.912 shall be known and be cited as the "Missouri Reverse Mortgage Act". 2. For the purposes of sections 443.901 to 443.912 the following terms mean: (1) "Authorized lender" or "lender", a lender authorized …

443.903. Reverse mortgage regulations. — Notwithstanding any other provisions of law to the contrary, reverse mortgage loans shall be governed by the following: (1) Payment in whole or in part is permitted without penalty at any time during the period of the loan; (2) An advance …

443.906. Reverse mortgage may be made regardless of certain other transactions. — Reverse mortgage loans may be made or acquired without regard to the following provisions for other types of mortgage transactions: (1) Limitations on the purpose and use of future advances or any o…

443.909. Treatment of payments for certain purposes. — Reverse mortgage loan payments made to a borrower shall be treated as proceeds from a loan and not as income for the purpose of determining eligibility and benefits under means-tested programs of aid to individuals: (1) Undis…

443.912. Statement regarding counseling services on reverse mortgages. — No reverse mortgage loan commitment may be made by a lender unless the loan applicant attests in writing that the applicant received from the lender at the time of initial inquiry a statement regarding the a…

443.920. Title. — Sections 443.920 to 443.925 shall be known and may be cited as the "Uniform Mortgage Modification Act". ­­-------- (L. 2026 H.B. 2636 merged with S.B. 834) Severability clause, see §§ 1.1004 and 443.927

443.921. Definitions. — For purposes of sections 443.920 to 443.925, the following terms mean: (1) "Electronic", relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities; (2) "Financial covenant", an undertaking to d…

443.922. Scope. — 1. Except as provided in subsection 3 of this section, sections 443.920 to 443.925 apply to a mortgage modification. 2. Sections 443.920 to 443.925 do not affect: (1) Laws governing the required content of a mortgage; (2) A statute of limitations or other law go…

443.923. Effect of mortgage modification. — 1. For a mortgage modification described in subsection 2 of this section: (1) The mortgage continues to secure the obligation as modified; (2) The priority of the mortgage is not affected by the modification; (3) The mortgage retains it…

443.924. Relation to Electronic Signatures in Global and National Commerce Act. — Pursuant to the authority granted by the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7002, sections 443.920 to 443.925 modify, limit, or supersede such act, …

443.925. Transitional provision. — Sections 443.920 to 443.925 apply to a mortgage modification made on or after August 28, 2026, regardless of when the mortgage or the obligation was created. ­­-------- (L. 2026 H.B. 2636 merged with S.B. 834) Severability clause, see §§ 1.1004 …

443.927. Severability clause for S.B. 834, 2026. — If any provision of section 442.920 and sections 443.920 to 443.925 or the application thereof to anyone or to any circumstance is held invalid, the remainder of those sections and the application of such provisions to others or …

443.930. Prohibited acts — constitutes mortgage fraud — no private right of action created. — 1. It is unlawful for a person, in connection with the application for or procurement of a loan secured by real estate to: (1) Employ a device, scheme, or artifice to defraud; (2) Make a…