Financial Institutions

Revises the par value of membership shares and allows for participation in board meetings by telephone or electronic means

Modifies provisions relating to attachment, execution, and garnishment in civil proceedings

Requires the department of elementary and secondary education to develop a curriculum on personal finance to be used by school districts

Establishes the "Missouri Expungement Fund"

Modifies provisions relating to the State Treasurer's ability to invest

Modifies provisions of the "Property Assessment Clean Energy Act"

Explains requirements for written guidance provided by an agency in response to an inquiry by a financial institution and sets forth the civil actions that can be brought for a fraudulent act or intentional misconduct of the financial institution

Prohibits the foreign remittance transfer of funds to unauthorized aliens

Modifies a provision relating to brokerage services

Modifies standards for certain financial organizations

Establishes the "Digital Assets Authorization Act"

Modifies provisions governing nuisance actions for deteriorated property in certain home rule cities

Establishes the offense of financial institution accounts fraud

Prohibits the imposition of an interchange fee on the tax amount of an electronic payment transaction

Creates provisions related to the maximum contaminant level of vinyl chloride in drinking water

Allows the house of representatives to review presidential orders and declare them unconstitutional

Modifies provisions relating to the State Treasurer

Requests certain actions be taken by the Federal Deposit Insurance Corporation so that new chartered banks are established in Missouri

Increases aggregate investment amount that the state treasurer may invest in linked deposits and changes disbursement criteria for eligible parties

Modifies provisions relating to contracts with public entities

Modifies laws relating to commercial financing disclosures

Allows payments from a candidate or campaign committee to be made via mobile payment services

Modifies the Principal and Income Act to resemble the latest version of the Uniform Fiduciary Income and Principal Act

Modifies provisions relating to trust companies

Modifies provisions relating to financial transactions

Creates and modifies provisions relating to gold and silver

Modifies provisions relating to bankruptcy exemptions

Modifies rules in regards to public funds and financial depositories

Modifies standards relating to financial transactions

Prohibits governmental agencies from testing or requiring the use of a central bank digital currency

Establishes provisions relating to money transmission

Modifies provisions relating to financial institutions

Creates and modifies provisions relating to gold and silver

Changes the laws regarding consumer credit interest rates

Urges Missouri to oppose federal rules or regulations requiring companies to disclose climate change risk

Modifies the Principal and Income Act to resemble the latest version of the Uniform Fiduciary Income and Principal Act

Establishes provisions relating to obtaining loans with a quit claim deed

Authorizes financial institutions to provide services to organizations that participate in the marijuana industry

Creates new provisions requiring the disclosure of information pertaining to certain commercial financing products

Establishes provisions relating to investment disclosures

Creates provisions relating to motor vehicle financial protection products

Changes the laws regarding the terms and conditions of credit cards that lenders may offer

Modifies provisions relating to tax credits

Modifies provisions for the State Treasurer's ability to invest

Changes the laws regarding bonds

Changes the laws regarding consumer credit interest rates

Modifies the Principal and Income Act to match the latest version of the Uniform Fiduciary Income and Principal Act

Changes the laws regarding bonds

Requires all assessors to be elected

Modifies provisions relating to public utilities

Authorizes tax deductions for financial institutions that provide loans in rural areas

Modifies provisions relating to the Division of Finance

Creates new provisions requiring the disclosure of information pertaining to certain commercial financing products

Modifies provisions relating to county assessors

Modifies various provisions relating to financial institutions

Modifies provisions for the State Treasurer's ability to invest

Specifies that financial institutions are allowed to provide financial services to licensed marijuana facilities

Changes the laws regarding consumer credit interest rates

Changes the law regarding credit service organizations

Changes the law regarding assignments for benefits of creditors

Modifies which properties are eligible for financial institutions.

Changes the law regarding negotiable instruments

Changes the law regarding certain financial institutions

Limits potential foreclosure actions of the primary residence of a person sixty-five years of age after certain property tax increases.

Changes the law regarding assignments for benefits of creditors.

Changes the certain financial regulations.

Urges Congress to reinstate the separation of commercial and investment banking functions previously in effect under the Glass-Steagall Act and support efforts to return to national banking policies to repair our nation's infrastructure.

Changes the law regarding certain credit fees.

Modifies provisions of who can request certain records.

Establishes provisions requiring notice to the debtor before collecting debt through judicial means.

Modifies provisions relating to mortgage broker licensing

Changes the laws regarding credit unions by simplifying filing requirements.

Changes the laws regarding financial regulations.

Increases the maximum duration of credit transaction that is subject to regulation under the statutes governing credit insurance.

Creates the "Missouri Electricity Bill Reduction Assistance Act."

Modifies provisions for the Property Assessment Clean Energy Act.

Enacts provisions relating to insurance companies

Changes the laws regarding fees charged by financial institutions.

Requires the state and political subdivisions thereof to accept virtual currency as legal tender.

Urges Congress to reinstate the separation of commercial and investment banking functions previously in effect under the Glass-Steagall Act and support efforts to return to national banking policies to repair our nation's infrastructure.

Changes the laws regarding the issuance of stock by corporations.

Changes the laws regarding consumer credit interest rates.

Changes the laws regarding unsecured loans.

Establishes regulations for financial institutions providing services for digital assets.

Modifies state treasurer’s authority to invest in linked deposits.

Modifies provisions for the "Property Assessment Clean Energy Act."

Changes provisions relating to mortgage loan originators.

Relating to courts.

Changes the law regarding the financial protection of vulnerable populations.

Changes the law regarding assignments for benefits of creditors.

Modifies provisions relating to a banking institution tax credit.

Establishes the First-Time Home Buyer Savings Account Act and authorizes a tax deduction for contributions to a savings account dedicated to buying a first home

Modifies provisions relating to foreclosure proceeds

Urges Congress to reinstate the separation of commercial and investment banking functions previously in effect under the Glass-Steagall Act and support efforts to return to national banking policies to repair our nation's infrastructure

Establishes the First-Time Business Owner Savings Account Act and authorizes a tax deduction for contributions to a savings account dedicated to starting a new business

Changes the laws regarding consumer credit interest rates

Modifies provisions relating to trusts and estates

Changes the law regarding unsecured loans of five hundred dollars or less

Creates the Missouri Electricity Bill Reduction Assistance Act.

Modifies provisions of the "Property Assessment Clean Energy Act"

Changes the laws regarding powers of banks

Establishes the First-Time Home Buyer Savings Account Act and authorizes a tax deduction for contributions to a savings account dedicated to buying a first home

Specifies that ambulance district public funds deposited in certain banking institutions are secured

Establishes the Missouri Family Trust Company Act, which allows family trust companies to form and operate in Missouri

Changes the laws regarding unsecured loans of $750 or less, commonly known as payday loans

Modifies the law relating to payday loans

Prohibits bad faith assertions of patent infringement

Allows certain financial institutions to transfer fiduciary obligations and modifies the law relating to insurance producers and holding companies

Changes the laws regarding the management, investment, and expenditures of endowment funds held by charitable institutions and other entities holding funds for charitable purposes

Changes the laws regarding secured transactions under the Uniform Commercial Code

Allows Kansas City to require the registration of and collect a registration fee from any parcel of property with one or more vacant structure or any parcel of property in the process of mortgage foreclosure

Prohibits a person from making a bad faith assertion of patent infringement, lists evidence the court may consider, and provides remedies the court may award

Establishes the Civil Justice Funding Model Act

Changes the laws regarding installment loan lenders

Changes the laws regarding certain mortgage disclosures and requires any lender making a reverse mortgage loan to allow for the repayment of the loan after the death of the person who entered into the loan

Establishes the Missouri Nonrecourse Consumer Legal Lending Act

Establishes the Seniors' Retirement Protection Act which specifies that up to $125,000 of the value of the primary residence of a person who is 62 years or older will be exempt from attachment or execution

Changes the laws regarding security instruments for real property

Changes the laws regarding financial institutions

Changes the laws regarding the enforcement and servicing of real estate loans

Repeals the requirement that paid-in surplus distributions must be identified as liquidating dividends and the amount per share must be disclosed to shareholders when it is paid

Requires the Commissioner of Administration to procure a blanket bond or crime insurance policy to protect the state against loss from the acts or omissions of specified state-compensated persons

Specifies that a title lender is liable for the actions of the persons employed or contracted by him or her to take possession of titled personal property upon the expiration or default of a title loan

Changes the laws regarding certain mortgage disclosures and requires any lender making a reverse mortgage loan to allow for the repayment of the loan after the death of the person who entered into the loan

Changes the laws regarding consumer credit interest rates

Prohibits a homeowner from being required to join a homeowner or subdivision association as part of a plan of maintenance for a private road

Modifies the law relating to residential real estate loan reporting

Changes the laws regarding residential mortgage loan brokers

Changes the laws regarding unsecured loans of $750 or less, commonly known as payday loans

Increases the amount of specified fees that a creditor can charge on small loans that are open-end credit contracts tied to a transaction account in a depository institution

Changes the laws regarding the enforcement and servicing of real estate loans

Repeals the requirement that certain irrevocable standby letters of credit possess the highest rating issued by specified nationally recognized agencies to be acceptable collateral for public deposits

Changes the laws regarding the investment of certain public funds, perfection of security interests, Division of Finance examinations, and residential mortgage loan brokers

Changes the laws regarding the filing of a financial interest statement with the Missouri Ethics Commission

Modifies provisions relating to financial transactions

Specifies that a title lender is liable for the actions of the persons employed or contracted by him or her to take possession of titled personal property upon the expiration or default of a title loan

Repeals the provisions regarding nonjudicial foreclosure proceedings and requires all foreclosure proceedings to be handled judicially beginning August 28, 2012

Changes the laws regarding certain mortgage disclosures and requires any lender making a reverse mortgage loan to allow for the repayment of the loan after the death of the person who entered into the loan

Changes the laws regarding delinquent real estate taxes or mortgage notes

Requires specified disclosures on new credit card processing service contracts

Limits the amount of interest a title lender can charge on a loan and requires the average interest rate being charged by credit unions to be made available to the public at least quarterly

Changes the laws regarding irrevocable life insurance trusts

Specifies that gold and silver issued by the federal government is legal tender in Missouri

Changes the laws regarding the perfection of security interests

Changes the laws regarding debt adjusters

Modifies laws relating to the administration of credit unions

Changes the laws regarding notice of liens on motor vehicles, trailers, watercraft, and manufactured homes

Repeals the provisions allowing the State Treasurer to invest in any linked deposit for specified purposes only for certain time periods

Allows owners of automated teller machines to charge access fees to those with bank accounts in foreign countries and gambling boats to accept credit instruments

Changes the laws regarding early distributions from certain annuities or retirement plans, the Missouri Higher Education Saving Program, and residential mortgage loan brokers

Changes the laws regarding unsecured loans of $500 or less, commonly known as payday loans

Requires a title company or escrow agent holding escrow funds to notify all parties involved in the transaction within five days of receipt of any costs to hold, disperse, or return the funds

Changes the laws regarding the use of credit information when underwriting insurance contracts and prohibits insurers from taking adverse actions based on a person's credit report or insurance score

Changes the laws regarding mortgage foreclosures by requiring a preforeclosure notice which contains information regarding foreclosure alternatives

Limits the amount of interest a title lender can charge on a loan and requires the average interest rate being charged by credit unions to be made available to the public at least quarterly

Changes the laws regarding unsecured loans of $500 or less, commonly known as payday loans

Prohibits a lender from imposing a fine, fee, or penalty for the prepayment of any loan and repeals the provision allowing a prepayment fee to be charged on a second mortgage loan

Changes the laws regarding unsecured loans of $500 or less, commonly known as payday loans, and allows the Attorney General to maintain an action to enforce compliance

Requires a mortgage value disclosure statement to be filed with the assessor before the recorder of deeds can accept the filing of any document by which any interest in certain real property is conveyed

Prohibits limiting the investment of funds by the board of the Missouri Higher Education Savings Program to a specified grouping or list of investment vehicles

Changes the laws regarding unclaimed and abandoned property

Modifies various provisions pertaining to manufactured homes

Renames the Missouri Secure and Fair Enforcement for Mortgage Licensing and Residential Mortgage Brokers LIcensing Act to the Missouri Secure and Fair Enforcement for Mortgage Licensing Act

Modifies provisions relating to financial institutions offering bids to become the official county depositary

Establishes the Missouri Appraisal Management Company Registration and Regulation Act to regulate real estate appraisal management companies

Limits the amount of interest a title lender can charge on loans and requires the average interest rate being charged by credit unions to be made available to the public at least quarterly

Urges Congress to urge depository institution regulators to implement forbearance measures regarding capital levels and access to credit

Places a one-year statute of limitation on any action for electronic funds transfer beginning on the date the violation occurred

Allows owners of automated teller machines to charge access fees to those with bank accounts in foreign countries

Changes the laws regarding unsecured loans of $500 or less, commonly known as payday loans

Strongly urges the state Department of Transportation to allow the ten credit unions currently housed in Department facilities to remain until credit union member owners decide to move out of such facilities

Changes the laws regarding manufactured homes

Authorizes an income tax deduction for a bank or lending institution for the amount of income tax due on any taxable interest received from a loan to an individual or entity located in an enterprise zone

Prohibits unsecured loans of $500 or less, commonly known as payday loans, from being facilitated, encouraged, solicited, advertised, or provided on nursing home or residential care facility property

Requires lenders of unsecured loans of $500 or less, commonly known as payday loans, to display in the lobby a brochure detailing the eligibility requirements for the Missouri Food Stamp Program

Extends from 30 to 40 years the time period in which bonds issued by the Bi-State Development Agency must mature

Creates the Homeowner Grant Program Fund to be used for the construction of new homes in Missouri