MO SB183

All foreclosure proceedings in Missouri must be handled judicially through the courts beginning August 28, 2015, eliminating the option for nonjudicial foreclosure through power of sale provisions in mortgages and deeds of trust

Repeals multiple sections of Missouri law (443.290-443.410) that previously authorized trustees and mortgagees to conduct non-judicial foreclosure sales, including notice requirements, publication rules, and sale continuance procedures

Removes the sheriff's exemption from salary-only compensation rules in Class One counties and St. Louis city that previously allowed sheriffs to receive fees for acting as trustee in deed of trust foreclosures

Eliminates power of sale enforcement options for reorganized common sewer districts collecting delinquent fees, requiring judicial foreclosure through circuit court instead

Updates various statutes including condominium laws, trust laws, fraudulent transfer provisions, and statutes of limitation to remove references to nonjudicial foreclosure and power of sale proceedings