MO SB635

Expands the definition of acceptable collateral securities that state treasurer can require from banks, including mortgage securities on one to four family real estate, commercial real estate, and farm real estate in Missouri and adjacent states, subject to strict underwriting standards.

Establishes a comprehensive licensing and registration framework for appraisal management companies under the Missouri Real Estate Appraisers Commission, including requirements for surety bonds, controlling person background checks, and compliance with appraiser independence standards.

Creates new provisions regulating appraisal management company conduct, including prohibitions on influencing appraisals, requirements for timely appraiser payment within 30 days, restrictions on appraiser removal, and requirements to disclose fees separately to clients.

Adds procedures for establishing and modifying maintenance plans for private roads, allowing circuit courts to order cost apportionment among benefitted homeowners and appointing commissioners to determine maintenance plans when homeowners cannot agree.

Requires the Department of Elementary and Secondary Education to provide staffing support for career and technical student organizations (DECA, FBLA, FFA, FCCLA, HOSA, SkillsUSA, TSA) and continue handling their dues with oversight through sworn affidavits.