reglab/housing_qa huggingface dataset:
MO Rev Stat § 443.816 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.816 - Residential mortgage board created — members, appointment, qualification, terms, vacancies, compensation, duties.

Effective - 08 Jul 2009   443.816. Residential mortgage board created — members, appointment, qualification, terms, vacancies, compensation, duties. — There is hereby created in the division of finance a "Residential Mortgage Board" which shall have such powers and duties as are now or hereafter conferred upon it by law. The board shall consist of five members who shall be appointed by the governor. The members of the board shall be residents of this state, and one of the members shall be a member of the Missouri Bar in good standing. Three members of the board shall be experienced in mortgage brokering and the remaining members of the board shall have no financial interest in any mortgage brokering business. Not more than three members of the board shall be members of the same political party. The term of office of each member shall be three years. Members shall serve until their successors are duly appointed and have qualified. Each member shall serve for the remainder of the term for which the member was appointed. The board shall select one of the members as chairman and one of the members as secretary. Vacancies on the board shall be filled for the unexpired term in the same manner as in the case of an original appointment. The members of the board shall receive as compensation the sum of one hundred dollars per day while discharging their duties, and they shall be reimbursed for their actual and necessary expenses incurred in the performance of their duties. A majority of the members of the board shall constitute a quorum and the decision of a majority of a quorum shall be the decision of the board. The board shall meet upon call of the chairman, or of the director, or of any two members of the board, and may meet at any place in this state. The board shall:  (1) Approve or disapprove each regulation proposed by the director pertaining to mortgage brokering; and  (2) Hear and determine any appeal from a denial of an application for or renewal of a license issued under sections 443.701 to 443.893. The board may employ, contract, or appoint hearing officers to hear appeals from applicants who have been denied a license or a license renewal by the director. ­­-------- (L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.817 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.817 - Board members to file business transactions with ethics commission — rules authorized to avoid conflict of interest.

Effective - 08 Jul 2009   443.817. Board members to file business transactions with ethics commission — rules authorized to avoid conflict of interest. — Each member of the residential mortgage board shall file annually, no later than February first, with the Missouri ethics commission a statement of the member's current business transactions or other affiliations with any residential mortgage loan broker under the provisions of sections 443.701 to 443.893 or such report as the Missouri ethics commission otherwise directs. The board may adopt any rules or regulations regarding the conduct of board members to avoid conflicts of interest on the part of the members of the residential mortgage board in connection with their positions on the board. ­­-------- (L. 1994 S.B. 718 § 4 subsec. 2, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.819 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.819 - Brokerage business to be operated under actual names of persons or corporations, violation, penalties.

Effective - 01 Jan 2017, 2 histories   443.819. Brokerage business to be operated under actual names of persons or corporations, violation, penalties. — 1. No person engaged in a business regulated by sections 443.701 to 443.893 shall operate or engage in such business under a name other than the real names of the persons conducting such business, a corporate name adopted pursuant to law, or a fictitious name registered with the secretary of state's office.  2. Any person who knowingly violates this section is guilty of a class A misdemeanor. A person who is convicted of a second or subsequent violation of this section is guilty of a class D felony. ­­-------- (L. 1994 S.B. 718 § 5, A.L. 2001 S.B. 538, A.L. 2009 H.B. 382, A.L. 2014 S.B. 491)  Effective 1-01-17
MO Rev Stat § 443.821 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.821 - License to be issued on completion of requirements — notice of denial of license to contain reasons — appeal procedure.

Effective - 08 Jul 2009   443.821. License to be issued on completion of requirements — notice of denial of license to contain reasons — appeal procedure. — The director shall issue a residential mortgage loan broker license upon completion of the following:  (1) The filing of an application;  (2) The filing with the director of a listing of judgments entered against, and bankruptcy petitions by, the applicant for the preceding seven years;  (3) The payment of investigation and application fees to be established by administrative rule; and  (4) An investigation of the averments required by section 443.827, which investigation must allow the director to issue positive findings stating that the financial responsibility, experience, character and general fitness of the applicant, and of the members thereof, if the applicant is a partnership or association, and of the officers and directors thereof if the applicant is a corporation, are such as to command the confidence of the community and to warrant belief that the business will be operated honestly, fairly and efficiently within the scope of sections 443.701 to 443.893. If the director does not find the applicant's business and personal conduct warrants the issuance of a license, the director shall notify the applicant of the denial with the reasons stated for such denial. An applicant may appeal such denial to the board. ­­-------- (L. 1994 S.B. 718 § 6 subsec. 1, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.823 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.823 - Licenses to be issued in duplicate, effective when.

Effective - 08 Jul 2009   443.823. Licenses to be issued in duplicate, effective when. — All residential mortgage loan broker licenses shall be issued in duplicate with one copy being transmitted to the license applicant and the second retained by the director. Upon receipt of such license, a residential mortgage loan broker may engage in a business regulated by sections 443.701 to 443.893. Such license shall remain in full force and effect until it expires without renewal, is surrendered by the residential mortgage loan broker or is revoked or suspended as provided in sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 6 subsec. 2, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.830 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.830 - License refused — grounds.

Effective - 08 Jul 2009   443.830. License refused — grounds. — The director shall refuse to license or renew a residential mortgage loan broker license if:  (1) The applicant is not in compliance with any provision of sections 443.701 to 443.893;  (2) There is substantial continuity between the applicant and any violator of any provision of sections 443.701 to 443.893; or  (3) The director cannot make the findings specified in section 443.821. ­­-------- (L. 1994 S.B. 718 § 9, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.833 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.833 - Renewal of license, date, procedure, fee — failure to renew, license becomes inactive, reactivation — expires, when.

Effective - 08 Jul 2009   443.833. Renewal of license, date, procedure, fee — failure to renew, license becomes inactive, reactivation — expires, when. — 1. Residential mortgage loan broker licenses shall be renewed on the first anniversary of the date of issuance and every two years thereafter or as otherwise determined by the director to implement a system of licensing compatible with the NMLSR. Renewal application forms and fees shall be submitted to the director at least sixty days before the renewal date.  2. The director shall send notice at least ninety days before the residential mortgage loan broker's renewal date, but failure to send or receive such notice is no defense for failure to timely renew, except when an extension for good cause is granted by the director. If the director does not grant an extension and the residential mortgage loan broker fails to submit a completed renewal application form and the proper fees in a timely manner, the director may assess additional fees as follows:  (1) A fee of five hundred dollars shall be assessed the residential mortgage loan broker thirty days after the proper renewal date, and one thousand dollars each month thereafter, until the license is either renewed or expires pursuant to subsections 3 and 4 of this section;  (2) Such fee shall be assessed without prior notice to the residential mortgage loan broker, but shall be assessed only in cases where the director possesses documentation of the residential mortgage loan broker's continuing activity for which the unrenewed license was issued.  3. A license which is not renewed by the date required in this section shall automatically become inactive. No activity regulated by sections 443.701 to 443.893 shall be conducted by the residential mortgage loan broker when a license becomes inactive. An inactive license may be reactivated by filing a completed reactivation application with the director, payment of the renewal fee, and payment of a reactivation fee equal to the renewal fee.  4. A license which is not renewed within one year of becoming inactive shall expire. ­­-------- (L. 1994 S.B. 718 § 10 subsecs. 1 to 4, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.835 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.835 - Broker ceasing activity and not desiring to be licensed, procedure — director to cancel license.

Effective - 08 Jul 2009   443.835. Broker ceasing activity and not desiring to be licensed, procedure — director to cancel license. — A residential mortgage loan broker ceasing an activity or activities regulated by sections 443.701 to 443.893 and desiring to no longer be licensed shall so inform the director in writing and, at the same time, return the license and all other symbols or indicia of licensure to the director. The residential mortgage loan broker shall include a plan for the withdrawal from a business regulated by sections 443.701 to 443.893, including a timetable for the disposition of the business. Upon receipt of such written notice, the director shall issue a certified statement cancelling the license. ­­-------- (L. 1994 S.B. 718 § 10 subsec. 5, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.839 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.839 - Application by broker to open additional full-service offices, fee — certificate to be issued and posted.

Effective - 08 Jul 2009   443.839. Application by broker to open additional full-service offices, fee — certificate to be issued and posted. — 1. A residential mortgage loan broker may apply for authority to open and maintain additional offices in Missouri by:  (1) Giving the director prior notice of the residential mortgage loan broker's intention in such form as prescribed by the director; and  (2) Paying a fee to be established by the director.  2. On receipt of the notice and fee, the director shall issue a certificate for the additional office. The certificate shall be conspicuously displayed in the respective office. ­­-------- (L. 1994 S.B. 718 § 12, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.841 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.841 - License to be displayed.

Effective - 08 Jul 2009   443.841. License to be displayed. — The appropriate residential mortgage loan broker license or certificate shall be conspicuously displayed in every Missouri office. The license or certificate shall not be transferable or assignable. ­­-------- (L. 1994 S.B. 718 § 13, A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.843 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.843 - Fees to be established by director — rules authorized for assessment and collection.

Effective - 08 Jul 2009   443.843. Fees to be established by director — rules authorized for assessment and collection. — 1. The expenses of administering sections 443.701 to 443.893, including investigations and examinations, shall be borne by and assessed against persons regulated by sections 443.701 to 443.893. The director shall establish fees by regulation or rule in at least the following categories:  (1) Application fees;  (2) Investigation of license applicant fees;  (3) Examination fees;  (4) Contingent fees;  (5) Fees collected by the NMLSR or paid by a licensee to the NMLSR; and  (6) Such other categories as may be required to administer sections 443.701 to 443.893.  2. In addition to any fees collected pursuant to sections 443.701 to 443.893, the director shall establish schedules of fees. Any fees established pursuant to the authority of sections 443.701 to 443.893 shall produce revenue that does not substantially exceed the cost of administering sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 14 subsecs. 1, 2, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.845 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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 appropriation by the general assembly, for all costs incurred by the director in administering the provisions of sections 443.701 to 443.893. The director shall transmit all fees received by the director pursuant to sections 443.701 to 443.893 to the director of revenue for deposit in an interest-bearing account in the state treasury to the credit of the residential mortgage licensing fund. Any interest earned on the money in this fund shall be credited to the residential mortgage licensing fund.  2. Notwithstanding the provisions of section 33.080 to the contrary, money in this fund shall not be transferred and placed to the credit of general revenue until the amount in the fund at the end of the biennium exceeds three times the amount of the appropriations from the residential mortgage licensing fund for the preceding fiscal year. The amount, if any, in the fund which shall lapse is that amount in the fund which exceeds the appropriate multiple of the appropriations from the residential mortgage licensing fund for the preceding fiscal years. ­­-------- (L. 1994 S.B. 718 § 14 subsecs. 3, 4, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.849 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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 in a form as prescribed by the director;  (3) Such bond shall be issued by a bonding or insurance company authorized to do business in Missouri and shall secure the faithful performance of the applicant, its employees or agents, including mortgage loan originators, in connection with the activities of originating, servicing, or acquiring mortgage loans;  (4) The director may promulgate rules with respect to the requirements for such surety bonds as are necessary to accomplish the purposes of sections 443.701 to 443.893.  2. The penal sum of the surety bond shall be maintained in an amount that reflects the dollar amount of loans originated by the residential mortgage loan broker as determined by the director but in no case shall be less than fifty thousand dollars or more than one million dollars.  3. When an action is commenced on a licensee's bond, the director may require the filing of a new bond.  4. Immediately upon any recovery on the bond, the licensee shall file a new bond.  5. The surety bond is for the protection of borrowers and the director may make a claim on the bond on behalf of any borrower sustaining injury as the result of the actions of a licensee not in compliance with or in violation of any of the provisions of sections 443.701 to 443.893.  6. In lieu of presenting a claim directly, the director may release the bond to a borrower or the borrower's attorney to present a claim.  7. The surety may cancel or withdraw the bond under such terms as the director may prescribe but the bond shall cover any actions that occurred while the bond was in place for the applicable period of limitations under statute and so long as the bond is not exhausted by valid claims of borrowers. ­­-------- (L. 1994 S.B. 718 § 16, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.855 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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 of sections 443.701 to 443.893 may advertise in any manner so as to indicate or imply that the person's interest rates or charges for loans are in any way recommended, approved, set or established by the state or federal government or by the provisions of sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 18, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2009 H.B. 382, A.L. 2020 S.B. 599)
MO Rev Stat § 443.857 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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 relating to any proposed or existing home mortgage with respect to which such residential mortgage loan broker is performing services; except that, this provision may be waived by the director for persons providing mortgage loan servicing or exclusively engaged in the business of loan processing or underwriting as defined in this chapter. ­­-------- (L. 1994 S.B. 718 § 19, A.L. 2001 S.B. 538, A.L. 2009 H.B. 382, A.L. 2020 S.B. 599)
MO Rev Stat § 443.861 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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 and to whom to address the mortgagor's questions relating to the residential mortgage, the exact name, address and telephone number to whom at least the next three months' payments are to be submitted and the total amount required of the mortgagor by the servicer for each of the months referred to in the notice. ­­-------- (L. 1994 S.B. 718 § 21, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.863 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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  (2) The location of the proposed security. ­­-------- (L. 1994 S.B. 718 § 22, A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.865 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|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 § 23, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09