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MO HB2473

Bill

Status

Engrossed

3/2/2026

Primary Sponsor

John Voss

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Amends Missouri Section 339.105 governing escrow and trust accounts maintained by real estate brokers holding funds belonging to others

  • Adds new provision allowing brokers to retain accrued interest on escrow account funds payable to the broker, provided the interest is withdrawn within 30 days of receipt

  • Maintains existing allowance for brokers to deposit up to $1,000 of personal funds in escrow accounts specifically to cover service charges

  • Requires brokers to deliver disputed escrow moneys to the state treasurer within 365 days of the initial projected closing date if ownership remains unresolved

  • Authorizes the commission to seek injunctive relief through the attorney general against licensees violating escrow account requirements

Legislative Description

Modifies provisions relating to separate bank escrow accounts maintained by brokers

Last Action

Second read and referred: Insurance and Banking(S)

3/12/2026

Committee Referrals

Insurance and Banking3/12/2026
Rules - Administrative2/10/2026
Financial Institutions1/8/2026

Full Bill Text

No bill text available