reglab/housing_qa huggingface dataset:
MO Rev Stat § 369.234 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.234 - Preference given association holding first lien.

Effective - 06 Jul 1994   369.234. Preference given association holding first lien. — An association may:  (1) Make without limitation any advances necessary to protect the security of any loan or the priority of lien thereon which shall stand secured by such first lien irrespective of intervening liens;  (2) If it holds a recorded first lien on the property, make an additional loan or loans not exceeding in the aggregate the amount fixed from time to time by the director of the division of finance, which shall be secured by such first lien, for the improvement, equipment or furnishing of such property; and  (3) Make any further advances or loans for any purpose to the extent authorized by the deed of trust evidencing the first lien on the property. ­­-------- (L. 1971 S.B. 3 § 46, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.239 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.239 - Association may accept pledge of borrower's account or other additional collateral.

Effective - 28 Aug 1983   369.239. Association may accept pledge of borrower's account or other additional collateral. — As additional collateral security for a loan, an association may accept the assignment or pledge of the account or accounts of the borrower or of any other account owner, or additional collateral of any kind. ­­-------- (L. 1971 S.B. 3 § 47, A.L. 1983 H.B. 570)
MO Rev Stat § 369.244 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.244 - Association may purchase, convey or manage property in which it has a security interest — time limitation.

Effective - 06 Jul 1994   369.244. Association may purchase, convey or manage property in which it has a security interest — time limitation. — 1. An association may purchase at any sale, public or private, any real or personal property upon which it has a mortgage, judgment, deed of trust, pledge, lien or other encumbrance or in which it has any interest, and it may acquire any real or personal property which may be conveyed or transferred to it in full or in partial satisfaction, discharge or release of loans for which such property is security.  2. An association may sell, convey, lease, exchange, improve, repair, mortgage, convey in trust, pledge or encumber any real or personal property purchased or acquired by it as authorized by subsection 1 of this section.  3. An association may invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment previously made or an obligation previously created in good faith. Said property is not to be held by the association for a period in excess of six years, unless specifically authorized by the director of the division of finance. ­­-------- (L. 1971 S.B. 3 § 48, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.249 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.249 - Director may regulate lending practices.

Effective - 06 Jul 1994   369.249. Director may regulate lending practices. — The director of the division of finance may from time to time establish such rules and regulations in respect to loans as may be reasonably necessary to assure that such loans are in keeping with sound lending practices and promote the purposes of sections 369.010 to 369.369, and the director may include therein provisions concerning appraisals, payments and terms of security instruments. Any note or security instrument may provide for advances for taxes, insurance premiums and other charges, which may be commingled with other funds of the association, and the extent, if any, to which interest is to be paid thereon. ­­-------- (L. 1971 S.B. 3 § 49, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.254 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.254 - Association may invest in real property and mobile homes, when.

Effective - 06 Jul 1994   369.254. Association may invest in real property and mobile homes, when. — An association may:  (1) Invest in such real property as the directors may deem necessary or convenient for the conduct of the business of the association; and  (2) Invest in the acquisition of unimproved real estate lots, and other unimproved real estate for the purpose of prompt development and subdivision, principally for construction of housing or for resale to others for such construction, or for use as mobile home sites; and development and subdivision of, and construction of, improvements, including improvements to be used for commercial or community purposes, when incidental to a housing project, for sale or for rental on real estate referred to in this subdivision; and acquisition of improved residential real estate and mobile homes to be held for rental; and acquisition of improved residential real estate for remodeling, rehabilitation, modernization, renovation, or demolition and rebuilding for sale or for rental; and maintenance and management of rental real estate referred to in this subdivision. Investments for land development shall be made only within this state, or outside this state within one hundred miles of the home office of the association; provided, that any association licensed, qualified, admitted to do business as a savings association, and so conducting a savings association business in another state or states, may invest its funds for the purposes provided for in this section in this state, or outside this state within one hundred miles of the home office of the association, or within such state or states in which it is licensed, qualified, admitted to do business as a savings association and is so conducting a savings association business. The amount so invested shall not exceed the sum of the reserves and undivided profits of the association, or ten percent of its total assets, whichever is the lesser, and the maximum percentage of the amount so invested in nonresidential property shall be in accordance with regulations promulgated by the director of the division of finance. If the director of the division of finance finds that an association has abused or is abusing the powers granted in this section, the director may deny or condition the exercise of such powers until the abuse is corrected. ­­-------- (L. 1971 S.B. 3 § 50, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.259 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.259 - Unapproved transfer of encumbered property, effect of.

Effective - 28 Aug 1971   369.259. Unapproved transfer of encumbered property, effect of. — In the event of a conveyance or transfer of any property upon which an association has a lien without the consent of the association, the association may proceed as provided in the note or security instrument. ­­-------- (L. 1971 S.B. 3 § 51)
MO Rev Stat § 369.264 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.264 - Lending association not liable to borrower or others for defective final product, when.

Effective - 28 Aug 1971   369.264. Lending association not liable to borrower or others for defective final product, when. — An association which makes a loan, the proceeds of which are used or may be used by the borrower to finance the design, manufacture, construction, repair, modification or improvement of real or personal property for sale or lease to others, shall not be held liable to the borrower or to third persons for any loss or damage occasioned by any defect in the real or personal property so designed, manufactured, constructed, repaired, modified or improved, or for any loss or damage resulting from the failure of the borrower to use due care in the design, manufacture, construction, repair, modification or improvement of such real or personal property, unless the association has knowingly been a party to misrepresentations with respect to such real or personal property. ­­-------- (L. 1971 S.B. 3 § 52)
MO Rev Stat § 369.279 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.279 - Examiners, appointment, duties — attorney authorized.

Effective - 06 Jul 1994   369.279. Examiners, appointment, duties — attorney authorized. — The director of the division of finance shall appoint such examiners and other employees as the director shall deem necessary to properly discharge the duties of the office. They shall devote all of their time to such official duties and hold office at the pleasure of the director. The director may appoint an attorney for the division of finance to serve at the pleasure of the director and the attorney shall devote full time to the work of the division. ­­-------- (L. 1971 S.B. 3 § 55, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.294 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.294 - Certain interest in an association by director and examiners prohibited — information to be confidential, exceptions.

Effective - 28 Aug 2011   369.294. Certain interest in an association by director and examiners prohibited — information to be confidential, exceptions. — 1. The director of the division of finance and examiners shall not be interested in an association directly or indirectly either as creditor (except that each may be an account holder and receive earnings thereon), director, officer, employee, trustee, attorney or borrower (except for a loan on the home property owned and occupied by the director or examiner or a share loan), nor shall any one of them receive directly or indirectly any payment, compensation or gratuity from any association.  2. The director, the examiners and all employees of the division of finance and members of the board shall not divulge any information acquired in the discharge of their duties except insofar as required by law or order of court. The director may, however, furnish information to the Office of Thrift Supervision or any successor thereto, the Federal Deposit Insurance Corporation or any successor thereto, any federal home loan bank or savings departments of other states. ­­-------- (L. 1971 S.B. 3 § 58, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2011 H.B. 464)
MO Rev Stat § 369.299 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.299 - Powers and duties of director.

Effective - 28 Aug 2011   369.299. Powers and duties of director. — The director of the division of finance shall:  (1) Exercise all rights, powers and duties set forth in sections 369.010 to 369.369 or as may be otherwise provided by law;  (2) Establish, amend, supplement and revoke, subject to the approval of the board, all regulations authorized by the provisions of sections 369.010 to 369.369 and such additional regulations as may be reasonable or necessary to provide for the organization, incorporation, examination, operation, and regulation of associations, and service corporations, and the director may by regulation provide that an association shall have all powers, rights, and privileges which it would have from time to time if organized and operating in Missouri as a federal association under the laws of the United States. The director shall deliver by mail to each association a copy of any proposed regulation or change in an existing regulation. If five or more associations protest the proposed regulation or change and request a hearing thereon within fifteen days thereafter, the director shall conduct a hearing before acting thereon;  (3) Direct and supervise all the activities of the office;  (4) Exercise general supervision over all associations and all corporations which are owned in whole or in part by an association or associations;  (5) Upon request of the governor make a report in writing to the governor on or before the first day of March as to the financial condition as of December thirty-first of the preceding year of each association;  (6) Have charge of the execution of laws relating to savings associations with authority to sue in the director's name to enforce any law of this state applying to an association or to a corporation in which an association has an interest, or applying to the officers, directors or employees of any association. ­­-------- (L. 1971 S.B. 3 § 59, A.L. 1994 H.B. 1165, A.L. 2011 H.B. 464)
MO Rev Stat § 369.301 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.301 - Rulemaking, procedure.

Effective - 28 Aug 1995   369.301. Rulemaking, procedure. — Rules promulgated under the authority of this chapter shall be promulgated pursuant to the provisions of chapter 536. No rule or portion of a rule promulgated under the authority of this chapter shall become effective unless it has been promulgated pursuant to the provisions of section 536.024. ­­-------- (L. 1994 H.B. 1165, A.L. 1995 S.B. 3)
MO Rev Stat § 369.314 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.314 - Powers and duties of board.

Effective - 28 Aug 2011   369.314. Powers and duties of board. — The board shall:  (1) Approve or disapprove each regulation proposed by the director of the division of finance pertaining to savings and loan associations; and  (2) Hear and determine any appeal permitted by law, including but not limited to an order or decision of the director pertaining to the incorporation, relocation or branching of savings and loan associations, which shall be conducted as provided in chapter 361. ­­-------- (L. 1971 S.B. 3 § 62, A.L. 1994 H.B. 1165, A.L. 2011 H.B. 464)
MO Rev Stat § 369.329 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.329 - Branch offices and agencies, approval required, exceptions — application for approval, contents — approval, when — hearing, procedures.

Effective - 28 Aug 2011   369.329. Branch offices and agencies, approval required, exceptions — application for approval, contents — approval, when — hearing, procedures. — No association may establish or maintain a branch office or agency without the prior written approval of the director of the division of finance, except that temporary and incidental agencies may be created for individual transactions and for special temporary purposes without such approval. Each application for approval of the establishment and maintenance of a branch office or one or more agencies shall state the proposed location of the branch office or agency, the functions to be performed at the office or agency, the estimated volume of business at the branch office or agency, the estimated annual expense of the branch office or agency and the mode of payments for the branch office or agency and such additional matters as the director of the division of finance by regulation may require. Each such application shall be accompanied by a budget of the association for the current earnings period and for the next succeeding semiannual period, which reflects the estimated additional expense of the maintenance of each such branch office or agency. No branch application shall be granted if, in the opinion of the director or a majority of the members of the board on appeal, the policies, condition or operation of the applicant afford a basis for supervisory objection to the application. The director of the division of finance may hold a hearing at the director's discretion on the application in accordance with such procedures as the director by regulation may require. ­­-------- (L. 1971 S.B. 3 § 65, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165, A.L. 2011 H.B. 464)
MO Rev Stat § 369.334 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.334 - Reports may be required — examiners to have access to records.

Effective - 06 Jul 1994   369.334. Reports may be required — examiners to have access to records. — 1. Each association shall make such reports, verified if required, in such form as the director of the division of finance may from time to time require.  2. Each association shall be examined periodically, and may be examined at any time, by the director, with appraisals when deemed advisable. The director may require an audit of any association at any time, such audit to be made by the director or by certified public accountants, with appraisals if deemed advisable. Any such audit, if not made by the director, shall be filed promptly with the director. In any instance in which an appraisal is required, it shall be made by an appraiser selected by the director and the cost thereof shall be paid by the association directly to the appraiser upon receipt of a statement of the cost approved by the director. A copy of the report of each appraisal shall be furnished to the association within a reasonable time following the completion thereof, not to exceed ninety days.  3. The representative of the director making an examination or audit shall have access to all books and papers of the association or of any corporation in which the association owns any capital stock, shall have power to administer oaths, take all testimony by such person deemed necessary and proper, and may compel the attendance of witnesses and the production of books and papers by order of the courts of this state.  4. The director may accept, in lieu of any examination required by sections 369.010 to 369.369 or of any audit required or permitted under sections 369.010 to 369.369 or in lieu of any appraisal permitted under sections 369.010 to 369.369, any report, audit or appraisal required or made by or for the Federal Deposit Insurance Corporation or any successor thereto, the Office of Thrift Supervision or any successor thereto or a Federal Home Loan Bank. ­­-------- (L. 1971 S.B. 3 § 66, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.338 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.338 - Cease and desist orders, period of supervision, when, procedure, duties of association — costs, how fixed and paid.

Effective - 06 Jul 1994   369.338. Cease and desist orders, period of supervision, when, procedure, duties of association — costs, how fixed and paid. — If, in connection with any cease and desist order issued pursuant to this chapter, the director of the division of finance requests the consent of the board of directors of the association to the placing of the association under supervisory control of the director, and a majority of such board affirmatively consents to such request, the director may appoint an examiner, deputy director, attorney or other employee of the division to supervise or monitor the operation of the association during the period of supervision to which consent has been given. During the period of supervision, the association, its directors, and officers shall act in accordance with such instructions and directions as may be given by the director through the director's supervisory agent and shall not act or fail to act except in compliance with such cease and desist order without the prior approval of such supervisory agent or the director. No director, officer, or employee shall incur any liability of any kind or to any person for so acting or for so failing to act. Costs incident to such supervision shall be fixed by the director and paid by the association pursuant to this chapter. ­­-------- (L. 1983 H.B. 570, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.354 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.354 - Federal Deposit Insurance Corporation may act as receiver or liquidator without bond.

Effective - 06 Jul 1994   369.354. Federal Deposit Insurance Corporation may act as receiver or liquidator without bond. — 1. The Federal Deposit Insurance Corporation or any successor thereto may act without bond as sole or joint receiver or liquidator of any insured association which has been taken over pursuant to the provisions of sections 369.010 to 369.369.  2. The director of the division of finance in the event of the taking over of any insured association may tender to the Federal Deposit Insurance Corporation or any successor thereto the appointment as sole receiver or liquidator thereof or as coreceiver or coliquidator jointly with the director.  3. If the Federal Deposit Insurance Corporation or any successor thereto accepts the appointment mentioned in subsection 2, it shall equally have and possess all of the powers and privileges provided by the laws of this state with respect to the director upon the director's taking possession of an association and shall be subject to all the duties of the director. The corporation may make loans on the security of or may bid for purchase at public or private sale or at any custodian's, receiver's or liquidator's sale, or may liquidate or sell any part of the assets of the association of which it is the sole or joint receiver or liquidator. If the corporation purchases any such assets, it shall bid and pay a fair and reasonable price.  4. Whenever the Federal Deposit Insurance Corporation or any successor thereto pays or makes provision for payment of the liabilities of any insured association, it is subrogated, upon the surrender and transfer to it of any account insured by it, to all rights of the holder with respect to such account. The surrender and transfer of the account does not affect any right which the transferor thereof may have in any portion of the account which is uninsured or any right to participate in the distribution of the net proceeds remaining from the distribution of the assets of the insured association. The rights of the investors in and creditors of the insured association shall be determined in accordance with the laws of this state.  5. If such corporation is appointed sole receiver, the director, upon the director's application, shall be made a party to the proceedings and be heard on any material matter.  6. No compensation shall be allowed such corporation or its officers, agents, counsel or employees in connection with such receivership. ­­-------- (L. 1971 S.B. 3 § 70, A.L. 1982 S.B. 464, A.L. 1983 H.B. 570, A.L. 1984 S.B. 670 Revision, A.L. 1994 H.B. 1165)  Effective 7-06-94