MO HB1263

Establishes a mandatory mortgage foreclosure mediation program for residential properties in charter counties, requiring lenders to send homeowners a notice of right to request mediation along with the foreclosure notice

Homeowners have 20 days to request mediation; mediation conferences must be held within 61 days of the foreclosure notice, with the homeowner's request automatically continuing the foreclosure sale by 42 days

Lenders must pay mediation fees totaling $475 ($125 initial fee plus $350 before the conference) and provide property appraisals, written settlement proposals, and short-sale estimates prior to mediation

Lender representatives at mediation must have full authority to agree to settlements or loan modifications; lenders cannot record a foreclosure deed without first obtaining a certificate of compliance from the mediation coordinator

Violations carry fines up to $1,000, but the bill explicitly prohibits private rights of action and does not prevent lenders from pursuing judicial or nonjudicial foreclosure