MO SB834

Adds six new sections (443.920-443.925) to Missouri law creating the "Uniform Mortgage Modification Act" governing changes to mortgage agreements

Specifies that qualifying mortgage modifications do not affect mortgage priority, do not require recording in public land records to retain priority, and are not considered novations

Qualifying modifications include: extending maturity dates, decreasing interest rates, changing rate indexes, capitalizing unpaid interest, forgiving or reducing principal, and modifying escrow, insurance, or financial covenant requirements

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

Does not affect recording statutes, statutes of limitations, statutes of frauds, or laws governing tax lien priority; includes a severability clause