MO HB2520

Landlords with 20 or more rental units must place security deposits in an escrow bank account at a federally insured banking institution with an office accepting deposits within Missouri

The escrow account must be designated solely for security deposits and cannot be used for the landlord's business operations

Landlords must disclose the location of the security deposit account to tenants

Tenant claims to security deposit funds take priority over all landlord creditors, including bankruptcy trustees, even if deposits are commingled

Amends Section 535.300, RSMo, while retaining existing provisions limiting deposits to two months' rent and requiring return within 30 days of tenancy termination