MO SB783

Security instruments may be assigned in writing, acknowledged by the assignor, and recorded in the recorder of deeds office in the county where the original security instrument was recorded.

Any person acquiring an interest or lien in real property for value without notice of an unrecorded assignment may rely on a release from the last recorded owner to acquire the property free from the security instrument's lien.

Recorders of deeds must reject security instruments or assignments where the mortgagee, trustee, or assignee is named as bearer or cannot be identified from the document's face; all instruments must include the lender's mailing address, though omission does not affect validity or constructive notice.

Security instruments securing the purchase price of real property or improvements have priority over subsequently filed interests, liens, and encumbrances, except for real estate tax liens, interests recorded prior to the security instrument, and labor/service/materials liens predating the security instrument where the lender had actual prior notice.