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MO HB211

Bill

Official Source

Status

Introduced

1/17/2013

Primary Sponsor

Stanley Cox

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Amends Chapter 443 of Missouri Revised Statutes by adding Section 443.454 to regulate real estate loan enforcement and servicing
  • Specifies that enforcement and servicing of real estate loans secured by mortgage, deed of trust, or other security instruments shall be governed only by state and federal law
  • Prohibits local laws or ordinances from adding to, changing, or delaying enforcement of loan agreements, security instruments, mortgages, or deeds of trust
  • Prohibits local laws or ordinances from imposing fees, taxes, or requiring payments to government contractors related to real estate loans or their enforcement and servicing
  • Prevents local regulations from affecting or altering rights, obligations, or the enforcement and servicing of real estate loan security instruments

Legislative Description

Changes the laws regarding the enforcement and servicing of real estate loans

Last Action

HCS Reported Do Pass (H)

2/25/2013

Committee Referrals

Financial Institutions1/31/2013

Full Bill Text

No bill text available