MO HB1400

Allows political subdivisions and public entities to invest idle funds through financial institutions in deposit accounts (rather than certificates of deposit) across multiple institutions nationwide, provided each deposit is separately insured by federal deposit insurance.

Modifies examination confidentiality rules for the Division of Finance by allowing disclosure of examination information during state audits under confidentiality agreements, with provisions for redacting protected information and requiring 30-day notice to affected financial institutions.

Establishes a new internal policy requirement for the Division of Finance director to address professional conduct and mitigate conflicts of interest for employees involved in examinations or decisions affecting regulated entities, including procedures for employment offer negotiations.

Removes the requirement that security interests in inventory held for sale or lease be perfected through filing when the person is in the business of selling or leasing goods of that kind.

Adds mortgage brokers making loans on manufactured homes and modular units to the exemptions from residential real estate loan fee restrictions, allowing them to charge fees beyond the one-percent origination fee permitted to other lenders.