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MO HB2473
Bill
Status
3/2/2026
Primary Sponsor
John Voss
Click for details
AI Summary
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Amends Missouri Section 339.105 governing escrow and trust accounts maintained by real estate brokers holding funds belonging to others
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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allowing brokers to retain accrued interest on escrow account funds payable to the broker, provided the interest is withdrawn within 30 days of receipt
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Maintains existing allowance for brokers to deposit up to $1,000 of personal funds in escrow accounts specifically to cover service charges
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Requires brokers to deliver disputed escrow moneys to the state treasurer within 365 days of the initial projected closing date if ownership remains unresolved
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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