MO SB235

Repeals sections 408.590, 408.592, and 408.600 RSMo and re-enacts sections 408.590 and 408.600 relating to residential real estate loan reporting.

Requires division directors to examine state financial institutions in counties or cities with populations exceeding 250,000 and determine the number and dollar amount of residential real estate loans originated, purchased, or foreclosed.

Mandates annual reporting to the governor and department director regarding violations of sections 408.570 to 408.600, including the number and type of violations found, enforcement actions taken, and complaints received.

Requires reports to be maintained as public documents for five years and include information reported under the Federal Home Mortgage Disclosure Act (12 U.S.C. 2801 et seq.).

Eliminates the requirement for annual statement filings by state financial institutions not supervised by a division director (previously codified in section 408.592).