MO HB734

Allows property owners to authorize tax collectors to assign property tax liens (including taxes, assessments, penalties, interest, and costs) to third parties in exchange for payment of all amounts due.

Requires assignees to register annually with the Department of Insurance, Financial Institutions and Professional Registration before receiving a lien assignment.

Permits payment agreements between owners and assignees with interest capped at 16% per annum (or 12% per annum for owners age 65 and older), plus reasonable transaction costs and collection fees.

Assigns foreclosure rights to lien holders, who must provide 60 days' notice to mortgage lenders before commencing foreclosure and cannot collect foreclosure fees within 30 days of notice; mortgage holders may satisfy the lien by paying the amount due.

Allows property owners to assign multiple liens sequentially but only one at a time, and permits authorization for automatic assignment of future delinquent liens within three years of the original agreement.