Section 443.903 – Reverse mortgage regulations.
Effective – 04 Jun 1997 443.903. Reverse mortgage regulations. — Notwithstanding any other provisions of law to the contrary, reverse mortgage loans shall be governed by the following: (1) Payment in whole or in part is permitted without penalty at any time during the period of the loan; (2) An advance made under a reverse […]
Section 443.906 – Reverse mortgage may be made regardless of certain other transactions.
Effective – 28 Aug 1995 443.906. Reverse mortgage may be made regardless of certain other transactions. — Reverse mortgage loans may be made or acquired without regard to the following provisions for other types of mortgage transactions: (1) Limitations on the purpose and use of future advances or any other mortgage proceeds; (2) Limitations on […]
Section 443.909 – Treatment of payments for certain purposes.
Effective – 28 Aug 1995 443.909. Treatment of payments for certain purposes. — Reverse mortgage loan payments made to a borrower shall be treated as proceeds from a loan and not as income for the purpose of determining eligibility and benefits under means-tested programs of aid to individuals: (1) Undisbursed funds shall be treated as […]
Section 443.873 – Failure to comply with subpoenas, director may petition circuit court for compliance order, injunctive relief and other remedies authorized.
Effective – 13 Jun 1995 443.873. Failure to comply with subpoenas, director may petition circuit court for compliance order, injunctive relief and other remedies authorized. — If any person does not comply with a subpoena or subpoena duces tecum issued or caused to be issued by the director, the director may petition the circuit court […]
Section 443.875 – Bond may be required, conditioned on compliance with subpoena, when.
Effective – 13 Jun 1995 443.875. Bond may be required, conditioned on compliance with subpoena, when. — When it appears to the director that the compliance with a subpoena or subpoena duces tecum issued or caused to be issued by the director pursuant to sections 443.871 to 443.877 is essential to an investigation or examination, […]
Section 443.877 – Writ of attachment authorized on failure to comply with subpoena.
Effective – 13 Jun 1995 443.877. Writ of attachment authorized on failure to comply with subpoena. — In addition to the other provisions of sections 443.871 to 443.877, the director may seek a writ of attachment or an equivalent order from the circuit court having jurisdiction over the person who has refused to obey a […]
Section 443.879 – Reports required, failure to comply, penalty.
Effective – 08 Jul 2009 443.879. Reports required, failure to comply, penalty. — 1. In addition to any reports required pursuant to sections 443.701 to 443.893, every licensee shall file such other reports as the director shall request. 2. Any residential mortgage loan broker or any officer, director, employee or agent of any residential mortgage […]
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 443.883 – Director to maintain a staff capable of investigations — licensees to open record for investigators.
Effective – 08 Jul 2009 443.883. Director to maintain a staff capable of investigations — licensees to open record for investigators. — The director shall at all times maintain staff and facilities adequate to receive, record and investigate complaints and inquiries made by any person concerning sections 443.701 to 443.893 and any licensees licensed pursuant […]
Section 443.885 – Report to be filed with director annually, contents.
Effective – 08 Jul 2009 443.885. Report to be filed with director annually, contents. — On or before March first of each year, each residential mortgage loan broker, except exempt persons shall file a report with the director which shall disclose the following information with respect to the immediately preceding calendar year: (1) A list […]