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MO HB1692

Bill

Status

Passed

7/12/2010

Primary Sponsor

Jason Smith

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Origin

House of Representatives

2010 Regular Session

AI Summary

Summary: HB 1692 (Real Estate and Related Matters)

  • Cemetery Regulation: Establishes comprehensive endowed care trust fund requirements for cemeteries, including minimum deposit amounts, trust administration standards, and procedures for releasing property from mechanic's liens through substitute collateral (bonds, letters of credit, or cash deposits).

  • Clean Energy Financing: Creates the Property Assessment Clean Energy (PACE) Act allowing municipalities to form clean energy development boards that finance energy efficiency and renewable energy improvements through special assessments on property, with repayment periods up to 20 years.

  • Appraisal Management Companies: Establishes registration and regulation requirements for appraisal management companies, including ownership restrictions, appraiser panel verification, quality control standards, and prohibitions against influencing appraisers' valuations.

  • Real Estate Licensing: Expands real estate broker and salesperson definitions to include partnerships, limited liability companies, and professional corporations; creates new "broker-salesperson" license category and updates agent relationship definitions.

  • Self-Defense and Weapons Laws: Strengthens castle doctrine protections by allowing use of deadly force against unlawful entry to private property (not just dwellings); clarifies concealed carry endorsement provisions for prosecutors and prosecuting attorneys.

Legislative Description

Changes the laws regarding real estate; death registrations; cemeteries; architects, engineers, and surveyors; mechanic's liens; child support; clean energy projects; and appraisers

Last Action

Delivered to Secretary of State (G)

7/12/2010

Committee Referrals

Judiciary And Civil And Criminal Jurisprudence3/31/2010
Fiscal Review3/17/2010
Rules2/18/2010
Judiciary1/27/2010

Full Bill Text

No bill text available