reglab/housing_qa huggingface dataset:
MO Rev Stat § 443.415 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.415 - Mortgage may be insured for certain buyers, amount, requirements.

Effective - 28 Aug 2002   443.415. Mortgage may be insured for certain buyers, amount, requirements. — Mortgage insurers may insure a mortgage in an amount not exceeding one hundred three percent of the fair market value of the authorized real estate security at the time that the loan is made if secured by a first lien or charge on such real estate security. ­­-------- (L. 1994 H.B. 1449 § 1 merged with S.B. 718 § 35, A.L. 1998 H.B. 1794 merged with S.B. 719, A.L. 2000 H.B. 1802 merged with S.B. 896, A.L. 2002 H.B. 1375 merged with S.B. 729)
MO Rev Stat § 443.420 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.420 - Notice of redemption — how given, rights.

Effective - 28 Aug 1939   443.420. Notice of redemption — how given, rights. — No party shall have the right of redeeming from any such sale as set forth in section 443.410 unless he shall have given the written notice specified in said section and shall within twenty days after such sale give security to the satisfaction of the circuit court of the county in which the land is located for the payment of the interest on the debt or obligation secured by the mortgage deed of trust under which the sale is made to accrue within such year after the sale is made, and for the payment in full of the legal charges and costs of the sale, and for the payment of all interest accrued prior to the sale or thereafter which the purchaser at the sale or his representatives or assigns may pay on any prior encumbrance on the land, as well as the interest which may accrue thereon during such year allowed for redemption whether so paid or not and all taxes and assessments and interest and costs thereon whether general or special accrued or accruing during such year allowed for redemption and whether paid by the purchaser at the sale or not together with interest at rate of six percent per annum on all sums so paid by the purchaser or those claiming under him and for damages for all waste committed or suffered by the party giving such security or those claiming under him during such year unless said property is so redeemed, and it shall be necessary to pay for such redemption all such sums to which the purchaser or those claiming under him should be entitled with interest as aforesaid. Said security shall be by bond executed by the person or persons so entitled to redeem with at least one good surety in a sum amply sufficient to cover the aggregate of all said sums exclusive of the principal debt or obligation, but including damages and interest, to be so absolutely paid in event redemption is not made and the aggregate of all such shall be the measure of damages to be paid in satisfaction of said bond if such redemption is not made. ­­-------- (RSMo 1939 § 3451)  Prior revisions: 1929 § 3064; 1919 § 2223; 1909 § 2830  (1951) Because §§ 443.420, 443.430 and 443.440 expressly provide, in the event a bond to redeem is posted, for the delivery to the purchaser of a certificate of sale, it implies that when redemptioner gives notice of his intention to redeem the trustee is not to deliver his trustee's deed to the purchaser pending the lapse of the twenty days allowed for the posting of the bond. Leone v. Bear, 362 Mo. 464, 241 S.W.2d 1008. (1965) Validity of trustees sale is admitted by implication when statutory redemption procedure is begun. St. Bethel Missionary Baptist Church v. St. Louis Builders, Inc. (Mo.), 388 S.W.2d 776.
MO Rev Stat § 443.430 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.430 - Motion for approval of bond for redemption — hearing — receiver — additional bond.

Effective - 02 Jan 1979   443.430. Motion for approval of bond for redemption — hearing — receiver — additional bond. — A motion or application for the approval shall be filed with the bond in the office of the clerk of the circuit court and at least one day's notice in writing thereof and of the time when the same will be filed and presented shall be given to the purchaser at such sale if he is a resident of the county and can be found therein, otherwise it shall be given to the trustee making the sale. If court should not be in session when such bond and application are so filed the clerk may temporarily approve the same subject to future action of the court thereon but unless so temporarily approved or presented to the court for consideration within such twenty days the same shall be taken and deemed as finally rejected and disapproved. The court may continue or adjourn the hearing or consideration of such bond when so within such twenty-day period temporarily approved by the clerk or presented to the court but the proceedings thereon shall be speedily and summarily acted upon and settled including the right or not of the obligor or obligors in the bond to give bond and to make such redemption. The court at discretion may at such hearing or consideration of such bond or at any time during the redemption period of one year appoint a receiver to take charge and possession of and preserve the property so sold and to have the rents and profits thereof subject to the orders of the court, and the net result therefrom shall belong to the owner of the equity of redemption if redemption be made, otherwise to the purchaser at such sale. And the court may require additional bond to be given as security at any time during such redemption period on application of the purchaser with at least five days' notice of such application to the principal on the original bond or his attorney, or agent, or representative. ­­-------- (RSMo 1939 § 3451, A.L. 1978 H.B. 1634)  Prior revisions: 1929 § 3064; 1919 § 2223  Effective 1-02-79  (1957) Notice requirement of this section is mandatory and ex parte approval of redemption bond by the court held erroneous and further proceedings in connection therewith would be prohibited. State ex rel. Hopkins v. Stemmons (A.), 302 S.W.2d 51. (1957) Notice required by this section is mandatory and notification of trustee under § 443.110 did not relieve those seeking approval of bond of duty giving it. White v. Huffman (A.), 304 S.W.2d 909.
MO Rev Stat § 443.440 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.440 - Certificate of sale — upon failure to redeem, deed to be executed.

Effective - 28 Aug 1939   443.440. Certificate of sale — upon failure to redeem, deed to be executed. — If the bond is given and approved the trustee at the purchaser's request shall execute, acknowledge and deliver to him a certificate of sale or purchase giving a reference to the deed of trust, fact of sale and purchase. And if redemption is not made within the year as so provided he shall thereupon execute to the purchaser or his heirs or devisees good and sufficient deed of conveyance upon the presentation of such certificate or showing of reason for its nonproduction to the satisfaction of the trustee. The rights, interests and estates of any of the parties may be conveyed by deed as interests in land are conveyed and trustee's deed may be made to the original purchaser and shall inure to his grantees. If the certificate of sale or any conveyance of the purchaser's interest is recorded the purchaser and his grantee shall give a sufficient recordable acknowledgment of redemption if the same be made. Any prematurely executed trustee's deed shall operate as a certificate of sale by the trustee, and if the trustee dies, becomes incapable or cannot be found the court may summarily and on ex parte application of the purchaser appoint a successor or commissioner to execute a good and sufficient conveyance in completion of the trustee's sale if redemption be not made within the year provided. Both the certificate of sale and purchase and deed and the recitals therein shall each be prima facie evidence of the recitals therein. ­­-------- (RSMo 1939 § 3451)  Prior revisions: 1929 § 3064; 1919 § 2223
MO Rev Stat § 443.453 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.453 - Financial institutions to pay property tax, how.

Effective - 28 Aug 1999   443.453. Financial institutions to pay property tax, how. — Financial institutions, as defined in section 381.410, which are mortgage servicers, shall pay property tax obligations which they service from escrow accounts, as defined in Title 24, Part 3500, Section 17, Code of Federal Regulations, in one annual payment before the first day of January of the year following the year for which the tax is levied. Escrow accounts established between such financial institutions and borrowers are contractually binding and may disallow the payment of property taxes more than once a year as such payments are authorized in section 139.053. ­­-------- (L. 1999 S.B. 386 § 408.620)
MO Rev Stat § 443.454 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.454 - Enforcement and servicing of real estate loans, federal and state law preemption.

Effective - 28 Aug 2013   443.454. Enforcement and servicing of real estate loans, federal and state law preemption. — The enforcement and servicing of real estate loans secured by mortgage or deed of trust or other security instrument shall be pursuant only to state and federal law and no local law or ordinance may add to, change, delay enforcement, or interfere with any loan agreement, security instrument, mortgage or deed of trust. No local law or ordinance may add, change, or delay any rights or obligations or impose fees or taxes of any kind or require payment of fees to any government contractor related to any real estate loan agreement, mortgage or deed of trust, other security instrument, or affect the enforcement and servicing thereof. ­­-------- (L. 2013 H.B. 446 & 211)
MO Rev Stat § 443.701 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.701 - Citation of law.

Effective - 07 Jul 2010, 2 histories   443.701. Citation of law. — Sections 443.701 to 443.893 shall be known and may be cited as the "Missouri Secure and Fair Enforcement for Mortgage Licensing Act". ­­-------- (L. 2009 H.B. 382, A.L. 2010 H.B. 2201)  Effective 7-07-10
MO Rev Stat § 443.706 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.706 - Licensure required, when — effective date — exemptions.

Effective - 08 Jul 2009   443.706. Licensure required, when — effective date — exemptions. —  *1. No individual, unless exempted under subsection 3 of this section, shall engage in the business of a mortgage loan originator concerning any dwelling located in Missouri without first obtaining and maintaining a license under sections 443.701 to 443.893 and obtaining employment and acting under the supervision of a single Missouri licensed residential mortgage broker. Each licensed mortgage loan originator shall register with and maintain a valid unique identifier issued by the NMLSR.  *2. In order to facilitate an orderly transition to licensing and minimize disruption in the mortgage marketplace, the effective date for subsection 1 of this section shall be July 31, 2010, or such later date approved by the Secretary of the U.S. Department of Housing and Urban Development under the authority granted under Public Law 110-289, Section 1508(a).  3. The following are exempt from sections 443.701 to 443.893:  (1) Registered mortgage loan originators when employed and acting under subdivision (34) of subsection 1 of section 443.703;  (2) Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual;  (3) Any individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence;  (4) A licensed attorney who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, unless the attorney is compensated by a lender, a mortgage broker, or other mortgage loan originator or by any agent of such lender, mortgage broker, or other mortgage loan originator. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09  *Subsection 1 effective 7-31-10. No extension was granted as specified in subsection 2.
MO Rev Stat § 443.707 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.707 - Loan processors and underwriters, license required.

Effective - 08 Jul 2009   443.707. Loan processors and underwriters, license required. — A loan processor or underwriter who is an independent contractor shall not engage in the activities of a loan processor or underwriter for a Missouri residential real estate loan unless such independent contractor loan processor or underwriter obtains and maintains a license under section 443.706. Each independent contractor loan processor or underwriter licensed as a mortgage loan originator shall have and maintain a valid unique identifier issued by the NMLSR. Each independent contractor loan processor or underwriter shall certify annually under oath to the director that they shall not engage in the activities of a mortgage loan originator absent full compliance with section 443.706. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.709 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.709 - Rulemaking authority — expedited review and licensing procedures permitted, when.

Effective - 08 Jul 2009   443.709. Rulemaking authority — expedited review and licensing procedures permitted, when. — To implement an orderly and efficient licensing process for mortgage loan originators, the director may establish licensing rules and interim procedures for licensing and acceptance of applications. The director may establish expedited review and licensing procedures for individuals previously licensed as a residential mortgage loan broker in Missouri or for individuals who were previously an ultimate equitable owner of a residential mortgage loan broker in Missouri. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.711 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.711 - Application for licensure, form — records and fees — modification of licensure requirements permitted, when — use of NMLSR as an agent, when.

Effective - 08 Jul 2009   443.711. Application for licensure, form — records and fees — modification of licensure requirements permitted, when — use of NMLSR as an agent, when. — 1. Applicants for a mortgage loan originator license shall apply in a form as prescribed by the director. Each such form shall contain content as set forth by rule, instruction, or procedure of the director and may be changed or updated as necessary by the director in order to carry out the purposes of sections 443.701 to 443.893.  2. In order to fulfill the purposes of sections 443.701 to 443.893, the director is authorized to establish relationships or contracts with the NMLSR or other entities designated by the NMLSR to collect and maintain records and process transaction fees or other fees related to licensees or other persons subject to sections 443.701 to 443.893.  3. For the purpose of participating in the NMLSR, the director is authorized to modify, in whole or in part, by rule or order, the requirements of sections 443.701 to 443.893 as necessary to participate in the NMLSR.  4. In connection with an application for licensing as a mortgage loan originator, the applicant shall, at a minimum, furnish to the NMLSR information concerning the applicant's identity, including:  (1) Fingerprints for submission to the Federal Bureau of Investigation, and any governmental agency or person authorized to receive such information for a state, national, and international criminal history background check; and  (2) Personal history and experience in a form prescribed by the NMLSR, including the submission of authorization for the NMLSR and the director to obtain:  (a) An independent credit report from a consumer reporting agency described in Section 603(p) of the Fair Credit Reporting Act. No applicant would be denied a license solely on the basis of a credit score; and  (b) Information related to any administrative, civil, or criminal findings by any governmental jurisdiction.  5. For the purposes of this section and in order to reduce the points of contact which the Federal Bureau of Investigation may have to maintain for purposes of subdivision (1) of subsection 4 of this section and paragraph (b) of subdivision (2) of subsection 4 of this section, the director may use the NMLSR as an agent for requesting information from and distributing information to the Department of Justice or any governmental agency.  6. For the purposes of this section and in order to reduce the points of contact which the director may have to maintain for purposes of paragraphs (a) and (b) of subdivision (2) of subsection 4 of this section, the director may use the NMLSR as an agent for requesting and distributing information to and from any source so directed by the director. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.713 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.713 - Findings required for licensure.

Effective - 08 Jul 2009   443.713. Findings required for licensure. — The director shall not issue a mortgage loan originator license unless the director makes, at a minimum, the following findings:  (1) The applicant has never had a mortgage loan originator license revoked in any governmental jurisdiction; except that, a subsequent formal vacation of such revocation shall not be deemed a revocation;  (2) The applicant has not been convicted of or pled guilty or nolo contendere to a felony in a domestic, foreign, or military court:  (a) During the seven-year period preceding the date of the application for licensing and registration; or  (b) At any time preceding such date of application, if such felony involved an act of fraud, dishonesty, or a breach of trust, or money laundering; and  (c) Provided that any pardon of a conviction shall not be a conviction for purposes of this subdivision;  (3) The applicant has demonstrated financial responsibility, character, and general fitness such as to command the confidence of the community and to warrant a determination that the mortgage loan originator shall operate honestly, fairly, and efficiently within the purposes of sections 443.701 to 443.893;  (a) For purposes of this subdivision, an individual has shown that he or she is not financially responsible when he or she has shown a disregard in the management of his or her own financial condition. A determination that an individual has not shown financial responsibility may include, but not be limited to:  a. Current outstanding judgments, except judgments solely as a result of medical expenses;  b. Current outstanding tax liens or other government liens and filings;  c. Foreclosures within the past three years;  d. A pattern of seriously delinquent accounts within the past three years;  (4) The applicant has completed the prelicensing education requirement described in sections 443.701 to 443.893;  (5) The applicant has passed a written test that meets the requirements described in sections 443.701 to 443.893;  (6) The applicant or the applicant's employer has met the Missouri surety bond requirement under sections 443.701 to 443.893. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.717 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.717 - Prelicensing education requirements.

Effective - 28 Aug 2020, 2 histories   443.717. Prelicensing education requirements. — 1. Mortgage loan originators shall satisfy a prelicensing education requirement through approved education courses of at least twenty hours approved in accordance with subsection 2 of this section, which shall include at least:  (1) Three hours of federal law and regulations;  (2) Three hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues; and  (3) Two hours of training related to lending standards for the nontraditional mortgage product marketplace.  2. For purposes of subsection 1 of this section, prelicensing approved education courses include courses reviewed and approved by the NMLSR based upon reasonable standards. Review and approval of a prelicensing education course shall include review and approval of the course provider.  3. Nothing in this section shall preclude any prelicensing education course, as approved by the NMLSR, that is provided by the employer of the applicant or person who is affiliated with the applicant by an agency contract, or any subsidiary or affiliate of such employer or person.  4. Prelicensing education may be offered in a classroom, online, or by any other means approved by the NMLSR.  5. The prelicensing education requirements approved by the NMLSR in subdivisions (1) to (3) of subsection 1 of this section for any state shall be accepted as credit towards completion of prelicensing education requirements in Missouri.  6. A person previously licensed under sections 443.701 to 443.893 applying to be licensed again shall prove that they have completed all of the continuing education requirements, if any, for the year in which the license was last held.  7. A prelicensing education course completed by an individual shall not satisfy the prelicensing education requirement if the course precedes an application by a certain period as established by the NMLSR. ­­-------- (L. 2009 H.B. 382, A.L. 2020 S.B. 599)