MO HB1040

Requires title insurers, agencies, and agents to issue closing protection letters for all residential real estate transactions where they perform settlement services, rather than only upon request

Mandates written disclosure to buyers, sellers, and lenders when no title insurance policy is being issued, informing them their interests are not protected by the title insurer, agency, or agent

Clarifies that property held in a "qualified spousal trust" (created by married settlors) receives the same creditor protection as tenants by the entirety property, regardless of how the property was titled before transfer to the trust

Specifies that creditor immunity for qualified spousal trust property ends upon court-ordered dissolution of the settlors' marriage

Establishes that transfers to a qualified spousal trust cannot be used to avoid Missouri's uniform fraudulent transfer act (Chapter 428)