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MO SB343
Bill
Status
Introduced
2/18/2013
Primary Sponsor
Mike Parson
Click for details
AI Summary
- Adds section 443.454 to Missouri law establishing 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, delaying enforcement of, or interfering with any loan agreement, security instrument, mortgage, or deed of trust
- Prevents local jurisdictions from modifying rights or obligations related to real estate loans or imposing fees, taxes, or payments to government contractors connected to loan agreements
- Preempts local government authority over the enforcement and servicing of real estate loans to ensure uniform state and federal standards apply statewide
Legislative Description
Establishes that real estate loans shall be governed only by state and federal law
Last Action
S Informal Calendar S Bills for Perfection--SB 343-Parson
5/17/2013
Committee Referrals
Financial And Governmental Organizations And Elections2/28/2013
Full Bill Text
No bill text available