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MO HB1692
Bill
Status
7/12/2010
Primary Sponsor
Jason Smith
Click for details
AI Summary
Summary: HB 1692 (Real Estate and Related Matters)
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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).
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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.
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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.
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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.
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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