Section 443.881 – Suspension or revocation of license, grounds — procedure, penalties.
Effective – 08 Jul 2009 443.881. Suspension or revocation of license, grounds — procedure, penalties. — 1. Upon written notice to a licensee, the director may suspend or revoke any license issued pursuant to sections 443.701 to 443.893 if the director makes a finding of one or more of the following in the notice that: […]
Section 443.845 – Residential mortgage licensing fund created — purpose — fees to be deposited in interest-bearing account to credit of fund — amount in fund subject to lapse into general revenue.
Effective – 08 Jul 2009 443.845. Residential mortgage licensing fund created — purpose — fees to be deposited in interest-bearing account to credit of fund — amount in fund subject to lapse into general revenue. — 1. There is hereby created in the state treasury the “Residential Mortgage Licensing Fund” which shall be used, upon […]
Section 443.849 – Bonding requirements.
Effective – 08 Jul 2009 443.849. Bonding requirements. — 1. Residential mortgage loan brokers shall deliver a surety bond to the director prior to the issuance or renewal of a license: (1) The surety bond shall provide coverage in an amount as prescribed in subsection 2 of this section; (2) The surety bond shall be […]
Section 443.855 – Advertising of mortgage loans, rulemaking authority.
Effective – 28 Aug 2020, 2 histories 443.855. Advertising of mortgage loans, rulemaking authority. — The director may prescribe rules governing the advertising of mortgage loans, including, without limitation, rules that advertising pursuant to sections 443.701 to 443.893 may not be false, misleading or deceptive. No person whose activities are regulated pursuant to the provisions […]
Section 443.857 – Licensee shall maintain at least one full-service office with staff, duties to handle matters relating to mortgage — waiver, when.
Effective – 28 Aug 2020, 2 histories 443.857. Licensee shall maintain at least one full-service office with staff, duties to handle matters relating to mortgage — waiver, when. — Each residential mortgage loan broker shall maintain, in the state of Missouri, at least one full-service office with staff reasonably adequate to efficiently handle all matters […]
Section 443.861 – Transfer or sale of residential mortgage, notice to be given to mortgagor, contents.
Effective – 08 Jul 2009 443.861. Transfer or sale of residential mortgage, notice to be given to mortgagor, contents. — Whenever the servicing of a residential mortgage is transferred or sold by a residential mortgage loan broker, notice shall be given to the mortgagor simultaneously with such transfer and shall include, at the minimum, where […]
Section 443.863 – Unlawful discrimination for refusal to loan or vary terms of the loan.
Effective – 08 Jul 2009 443.863. Unlawful discrimination for refusal to loan or vary terms of the loan. — It is unlawful discrimination to refuse loans or to vary the terms of loans or the application procedures for loans because of: (1) The borrower’s race, color, religion, national origin, age, gender or marital status; or […]
Section 443.865 – Escrow accounts, placement by brokers — authority for rules.
Effective – 08 Jul 2009 443.865. Escrow accounts, placement by brokers — authority for rules. — The director may promulgate rules with respect to placement in escrow accounts by any residential mortgage loan broker of any money, funds, deposits, checks or drafts entrusted to the residential mortgage loan broker. ——– (L. 1994 S.B. 718 § […]
Section 443.867 – Disclosure statement required of brokers, content — fee — compensation.
Effective – 08 Jul 2009 443.867. Disclosure statement required of brokers, content — fee — compensation. — 1. Each residential mortgage loan broker shall disclose, within a loan brokerage disclosure statement and fee agreement with each borrower: (1) Whether the licensee makes loans; and (2) Whether the funds may be provided by another person which […]
Section 443.869 – Powers and duties of director — rulemaking authority.
Effective – 08 Jul 2009 443.869. Powers and duties of director — rulemaking authority. — 1. The functions, powers and duties of the director shall include the following: (1) To issue or refuse to issue any license as provided in sections 443.701 to 443.893; (2) To revoke or suspend for cause any license issued pursuant […]