MO HB1240

Prohibits employers from using a job applicant's personal credit history as a hiring criterion, with specified exceptions.

Exempts financial institutions (banks, credit unions, savings and loans), insurance companies, state law enforcement agencies, government agencies that require credit checks, and debt collectors from the restriction.

Allows employers to request credit history checks when directly related to the occupational position, including positions requiring bonding, managerial roles, and positions involving access to personal or financial information.

Permits credit checks for positions with fiduciary responsibilities (issuing payments, transferring money, entering contracts) or positions that include an expense account.

Authorizes the U.S. Department of Labor or Missouri Department of Labor to establish additional administrative rules defining circumstances where credit history is a bona fide occupational requirement.