MO HB3191

Prohibits hedge funds, private equity funds, REITs, and other institutional investors from purchasing single-family homes in Missouri beginning January 1, 2027, including through subsidiaries or special-purpose entities

Imposes annual civil penalties on institutional investors who already own single-family homes: $2,500/home for 1-50 properties, $3,750/home for 51-100 properties, and $5,000/home for 101+ properties

Authorizes the attorney general to void prohibited transactions and impose $50,000 civil penalties per violation, plus disgorgement of profits from illegal acquisitions

Requires covered institutional investors to file annual reports by January 15 disclosing the number, location, and ownership structure of their single-family properties

Exempts individual homebuyers, majority Missouri-owned family businesses, nonprofit housing organizations, homebuilders selling to owner-occupants, and properties acquired through inheritance or foreclosure