MO HB2636

Adds six new sections (443.920-443.925) to Missouri law establishing the "Uniform Mortgage Modification Act" to govern how mortgage modifications affect lien priority

Mortgage modifications retain their original priority without requiring recording in public land records, and modifications are not considered novations

Covered modifications include extending maturity dates, decreasing interest rates, changing between fixed and adjustable rates, capitalizing unpaid interest, forgiving principal, and modifying escrow/insurance requirements

Excludes from coverage: releases or additions of property, changes in obligors, and assignments or transfers of mortgages

Applies prospectively to mortgage modifications made after the effective date, regardless of when the original mortgage was created, and includes a severability clause