MO HB1440

Creates a registration requirement with the Division of Finance for all real estate appraisal management companies operating in Missouri, with exemptions for banks, credit unions, government agencies, licensed real estate brokers, and entities referring fewer than 10 appraisals annually.

Requires applicants to demonstrate good moral character, obtain ownership background investigations, designate a managing principal, maintain a $250,000 surety bond or letter of credit, and pay registration and renewal fees set by rule.

Prohibits appraisal management companies from influencing appraisals through coercion, withholding payment, promising future business, conditioning fees on valuation results, or altering appraisal reports submitted by Missouri-licensed appraisers.

Mandates appraisal companies file complaints with the Missouri Real Estate Appraisers Commission when appraisers violate law or USPAP standards, pay appraiser fees within 30 days, and maintain complete records subject to division inspection.

Authorizes the Division of Finance to deny, suspend, or revoke registration for violations, false applications, criminal convictions, or unlicensed operation; imposes civil penalties up to $10,000 per violation and up to $25,000 for continued violation of division orders.