MO HB3107

Financial institutions in Missouri would be shielded from civil liability under state law when acting in compliance with or good faith reliance on rules, regulations, or written guidance from regulatory agencies—even if that guidance is later modified, rescinded, or invalidated by a court.

"Written guidance" is broadly defined to include rules, advisory opinions, guidance documents, manuals, policy statements, press releases, and agency responses to inquiries, covering areas such as mortgage disclosures (TILA/RESPA), overdraft practices (Regulation E), and ADA website accessibility requirements.

Covered regulatory agencies include the Missouri Division of Finance, Consumer Financial Protection Bureau, NCUA, OCC, FDIC, and U.S. Department of Justice.

The liability protection does not apply when a financial institution's conduct constitutes fraud, intentional misconduct, wanton or willful conduct, or gross negligence.

Federal and state governments retain full authority to bring civil, criminal, or administrative enforcement actions against financial institutions, and federal preemption takes precedence where applicable.