reglab/housing_qa huggingface dataset:
MO Rev Stat § 443.719 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.719 - Written test required, test measures — minimum competency requirements.

Effective - 16 Oct 2015, 2 histories   *443.719. Written test required, test measures — minimum competency requirements. — 1. In order to meet the written test requirement under sections 443.701 to 443.893, an individual shall pass, in accordance with the standards established under this section, a qualified written test developed by the NMLSR based upon reasonable standards, and designated as the NMLSR's** National Test Component with Uniform State Content for Mortgage Loan Originator licensing.  2. A written test shall not be treated as a qualified written test for purposes of subsection 1 of this section unless the test adequately measures the applicant's knowledge and comprehension in appropriate subject areas, including:  (1) Ethics;  (2) Federal law and regulation pertaining to mortgage origination;  (3) State law and regulation pertaining to mortgage origination;  (4) Federal and state law and regulation on fraud, consumer protection, the nontraditional mortgage marketplace, and fair lending issues.  3. Nothing in this section shall prohibit a test provider approved by the NMLSR from providing a test at the location of the employer of the applicant or the location of any subsidiary or affiliate of the employer of the applicant, or the location of any person with which the applicant holds an exclusive arrangement to conduct the business of a mortgage loan originator.  4. An applicant for licensure as a mortgage loan originator shall demonstrate minimum competence as follows:  (1) An individual shall not be considered to have passed a qualified written test unless the individual achieves a test score of not less than seventy-five percent correct answers to questions;  (2) An individual may retake a test two times with each consecutive taking occurring at least thirty days after the preceding test;  (3) After failing three consecutive tests, an individual shall wait at least six months before taking the test again;  (4) A licensed mortgage loan originator who fails to maintain a valid license for a period of five years or longer shall retake the test, not taking into account any time during which such individual is a registered mortgage loan originator. ­­-------- (L. 2009 H.B. 382, A.L. 2015 S.B. 345)  *Effective 10-16-15, see § 21.250. S.B. 345 was vetoed on July 7, 2015. The veto was overridden September 16, 2015.  **Word "NMLSR'S" appears in original rolls.
MO Rev Stat § 443.721 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.721 - Renewal of licensure, minimum standards.

Effective - 08 Jul 2009   443.721. Renewal of licensure, minimum standards. — 1. Minimum standards for license renewal for mortgage loan originators shall include the following:  (1) The mortgage loan originator continues to meet the minimum standards for license issuance under sections 443.701 to 443.893;  (2) The mortgage loan originator has satisfied the annual continuing education requirements under sections 443.701 to 443.893;  (3) The mortgage loan originator has paid all required fees for renewal of the license and any other outstanding obligations to the division or the NMLSR.  2. The license of a mortgage loan originator failing to satisfy the minimum standards for license renewal shall expire. The director may adopt procedures for the reinstatement of expired licenses consistent with the standards established by the NMLSR. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.723 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.723 - Continuing education requirements.

Effective - 28 Aug 2013, 2 histories   443.723. Continuing education requirements. — 1. To meet the annual continuing education requirements referred to in sections 443.701 to 443.893, a licensed mortgage loan originator shall complete at least eight hours of education approved in accordance with subsection 2 of this section, which shall include at least:  (1) Three hours of federal law and regulations;  (2) Two hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues;  (3) Two hours of training related to lending standards for the nontraditional mortgage product marketplace; and  (4) One hour of Missouri law and regulations.  2. For purposes of subsection 1 of this section, continuing education courses shall be reviewed, and approved by the NMLSR based upon reasonable standards. Review and approval of a continuing education course shall include review and approval of the course provider.  3. Nothing in this section shall preclude any education course, as approved by the NMLSR, that is provided by the employer of the mortgage loan originator or person who is affiliated with the mortgage loan originator by an agency contract, or any subsidiary or affiliate of such employer or person.  4. Continuing education may be offered either in a classroom, online, or by any other means approved by the NMLSR.  5. A licensed mortgage loan originator:  (1) Shall only receive credit for a continuing education course in the year in which the course is taken except in the case of an expired license and under subsection 9 of this section; and  (2) Shall not take the same approved course in the same or successive years to meet the annual requirements for continuing education.  6. A licensed mortgage loan originator who is an approved instructor of an approved continuing education course may receive credit for the licensed mortgage loan originator's own annual continuing education requirement at the rate of two hours credit for every one hour taught.  7. A person having successfully completed the 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 continuing education requirements in Missouri.  8. A licensed mortgage loan originator who subsequently becomes unlicensed shall complete the continuing education requirements for the last year in which the license was held prior to issuance of a new or renewed license.  9. A person meeting the requirements of subdivisions (1) and (3) of subsection 2 of section 443.719 may make up any deficiency in continuing education as established by rule of the director. ­­-------- (L. 2009 H.B. 382, A.L. 2013 S.B. 100)
MO Rev Stat § 443.725 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.725 - Duties of director — rule requirements authorized.

Effective - 08 Jul 2009   443.725. Duties of director — rule requirements authorized. — In addition to any other duties imposed upon the director by law, the director shall require mortgage loan originators to be licensed and registered through the NMLSR. In order to carry out such requirement, the director is authorized to participate in the NMLSR. For this purpose, the director may establish by rule requirements as necessary, including but not limited to:  (1) Background checks for:  (a) Criminal history through fingerprint or other databases;  (b) Civil or administrative records;  (c) Credit history; or  (d) Any other information as deemed necessary by the NMLSR;  (2) The payment of fees to apply for or renew licenses through the NMLSR;  (3) The setting or resetting as necessary of renewal or reporting dates; and  (4) Requirements for amending or surrendering a license or any other such activities as the director deems necessary for participation in the NMLSR. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.727 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.727 - Challenge of information in NMLSR.

Effective - 08 Jul 2009   443.727. Challenge of information in NMLSR. — The director shall establish a process whereby mortgage loan originators may challenge information entered into the NMLSR by the director. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.729 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.729 - Supervision and enforcement — civil penalty.

Effective - 08 Jul 2009   443.729. Supervision and enforcement — civil penalty. — 1. In order to ensure the effective supervision and enforcement of sections 443.701 to 443.893, the director may, under chapter 536:  (1) Deny, suspend, revoke, condition, or decline to renew a license for a violation of sections 443.701 to 443.893, rules issued under sections 443.701 to 443.893, or order or directive entered under sections 443.701 to 443.893;  (2) Deny, suspend, revoke, condition, or decline to renew a license if an applicant or licensee fails at any time to meet the requirements of sections 443.701 to 443.893, or withholds information or makes a material misstatement in an application for a license or renewal of a license;  (3) Order restitution against persons subject to sections 443.701 to 443.893 for violations of sections 443.701 to 443.893;  (4) Impose fines on persons subject to sections 443.701 to 443.893 under subsections 2, 3, and 4 of this section;  (5) Issue orders or directives under sections 443.701 to 443.893 as follows:  (a) Order or direct persons subject to sections 443.701 to 443.893 to cease and desist from conducting business, including immediate temporary orders to cease and desist;  (b) Order or direct persons subject to sections 443.701 to 443.893 to cease any harmful activities or violations of sections 443.701 to 443.893, including immediate temporary orders to cease and desist;  (c) Enter immediate temporary orders to cease business under a license or interim license issued under the authority granted under section 443.706 if the director determines that such license was erroneously granted or the licensee is currently in violation of any of the provisions of sections 443.701 to 443.893;  (d) Order or direct such other affirmative action as the director deems necessary.  2. Any letter issued by the director and declaring grounds for denying or declining to renew a license may be appealed to the board under chapter 536. All other matters presenting a contested case involving a licensee may be heard by the director under chapter 536.  3. The director may impose a civil penalty on a mortgage loan originator or person subject to sections 443.701 to 443.893, if the director finds, on the record after notice and opportunity for hearing, that such mortgage loan originator or person subject to sections 443.701 to 443.893 has violated or failed to comply with any requirement of sections 443.701 to 443.893 or any regulation prescribed by the director under sections 443.701 to 443.893 or order issued under authority of sections 443.701 to 443.893.  4. The maximum amount of penalty for each act or omission described in subsection 3 of this section shall be twenty-five thousand dollars.  5. Each violation or failure to comply with any directive or order of the director is a separate and distinct violation or failure. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.731 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.731 - Surety bond requirements.

Effective - 08 Jul 2009   443.731. Surety bond requirements. — 1. (1) Each mortgage loan originator shall be covered by the surety bond for the Missouri licensed mortgage broker supervising the mortgage loan originator and for whom the mortgage loan originator acts as an employee or exclusive agent.  (2) The surety bond shall be in a form as prescribed by the director and shall provide coverage in an amount as prescribed in subsection 2 of this section.  (3) 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 as determined by the director but shall in no case 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 recovery on the bond, the licensee shall file a new bond. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.733 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.733 - Supervisory information sharing — confidentiality requirements.

Effective - 08 Jul 2009   443.733. Supervisory information sharing — confidentiality requirements. — In order to promote more effective regulation and reduce regulatory burden through supervisory information sharing:  (1) Except as otherwise provided in Public Law 110-289, Section 1512, the requirements under any federal law and sections 361.070 and 361.080, regarding the privacy or confidentiality of any information or material provided to the director and to the NMLSR by a licensee or by the director, and any privilege arising under federal or state law, including the rules of any federal or state court with respect to such information or material, shall continue to apply to such information or material after the information or material has been disclosed to the NMLSR. Such information and material may be shared with all state and federal regulatory officials with mortgage industry oversight authority without the loss of privilege or the loss of confidentiality protections provided by federal law or by sections 361.070 and 361.080;  (2) The director is authorized to enter agreements or sharing arrangements with other governmental agencies, the Conference of State Bank Supervisors, the American Association of Residential Mortgage Regulators, or other associations representing governmental agencies as established by rule or order of the director;  (3) Information or material that is subject to a privilege or confidentiality under subdivision (1) of this section shall not be subject to:  (a) Disclosure under any federal or state law governing the disclosure to the public of information held by an officer or an agency of the federal government or the respective state; or  (b) Subpoena or discovery, or admission into evidence, in any private civil action or administrative process, unless with respect to any privilege held by the NMLSR with respect to such information or material, the person to whom such information or material pertains waives, in whole or in part, in the discretion of such person, that privilege;  (4) Confidential supervisory information obtained under sections 443.701 to 443.893 shall be regarded as closed records under chapter 610;  (5) This section shall not apply to the information or material relating to the employment history of and publicly adjudicated disciplinary and enforcement actions against mortgage loan originators or residential mortgage loan brokers that is included in the NMLSR for access by the public. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.739 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.739 - Reports of condition required.

Effective - 08 Jul 2009   443.739. Reports of condition required. — Each residential mortgage loan broker subject to the requirements of sections 443.701 to 443.893 shall submit to the NMLSR reports of condition, which shall be in such form and shall contain such information as the NMLSR may require. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.741 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.741 - Violations, director required to report.

Effective - 08 Jul 2009   443.741. Violations, director required to report. — The director is required to report violations of sections 443.701 to 443.893, as well as enforcement actions and other relevant information, to the NMLSR subject to the provisions contained in section 443.731. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.743 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.743 - Nonfederally insured credit unions, registration of employed loan originators required.

Effective - 08 Jul 2009   443.743. Nonfederally insured credit unions, registration of employed loan originators required. — Nonfederally insured credit unions which employ loan originators, as defined in Public Law 110-289, Title V, the S.A.F.E. Act, shall register such employees with the NMLSR by furnishing the information concerning the employees' identity set forth in Section 1507(a)(2) of Public Law 110-289, Title V. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.745 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.745 - Unique identifier to be shown on applications, solicitations, or advertisements.

Effective - 08 Jul 2009   443.745. Unique identifier to be shown on applications, solicitations, or advertisements. — The unique identifier of any person originating a residential mortgage loan and in the case of a mortgage loan originator, the residential mortgage loan broker license number or corresponding unique identifier of the mortgage loan broker shall be clearly shown on all residential mortgage loan application forms, solicitations, or advertisements, including business cards or websites, and any other documents as established by rule or order of the director. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.747 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.747 - Severability clause — rulemaking authority.

Effective - 08 Jul 2009   443.747. Severability clause — rulemaking authority. — If any provision of sections 443.701 to 443.893 or their application to any person or circumstance is held invalid, the remainder of sections 443.701 to 443.893 or the application of the provision to other persons or circumstances is not affected. If the United States Department of Housing and Urban Development disapproves* in writing to the director of any provision of sections 443.701 to 443.893 under authority granted to it under Section 1508 of Public Law 110-289, Title V, the S.A.F.E. Act, the director may, in accordance with the director's rulemaking authority under sections 443.701 to 443.893 and chapter 536, adopt rules as necessary to participate or continue participation in the NMLSR. ­­-------- (L. 2009 H.B. 382)  Effective 7-08-09  *Word "disapprove" appears in original rolls.
MO Rev Stat § 443.805 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.805 - License required to broker residential mortgage.

Effective - 28 Aug 2014, 3 histories   443.805. License required to broker residential mortgage. — 1. No person shall engage in the business of brokering, funding, servicing or purchasing of residential mortgage loans without first obtaining a license as a residential mortgage loan broker from the director, pursuant to sections 443.701 to 443.893 and the regulations promulgated thereunder. The licensing provisions of sections 443.805 to 443.812 shall not apply to any person engaged solely in commercial mortgage lending or to any person exempt as provided in section 443.703 or pursuant to regulations promulgated as provided in sections 443.701 to 443.893.  2. No person except a licensee or exempt person shall do any business under any name or title or circulate or use any advertising or make any representation or give any information to any person which indicates or reasonably implies activity within the scope of the provisions of sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 2 subsecs. 1, 2, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2009 H.B. 382, A.L. 2010 H.B. 2201, A.L. 2014 H.B. 1298 Revision)
MO Rev Stat § 443.807 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.807 - Director, power to request injunction, when.

Effective - 08 Jul 2009   443.807. Director, power to request injunction, when. — The director may, through the attorney general, request the circuit court in the appropriate jurisdiction to issue an injunction to restrain any person from violating, or continuing to violate, any provision of sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 2 subsec. 3, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.809 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.809 - Examination, powers of director to inspect records of licensed persons.

Effective - 08 Jul 2009   443.809. Examination, powers of director to inspect records of licensed persons. — The director shall have the authority, at any time and as often as reasonably necessary, to investigate or examine the books and records of any licensed person to assure compliance with sections 443.701 to 443.893. The director shall have the right to examine under oath all persons whose testimony may be required relative to the business of any person being examined or investigated under sections 443.701 to 443.893. The director shall have free and immediate access to any licensed person's places of business and to all books and records related to the licensed business. ­­-------- (L. 1994 S.B. 718 § 2 subsec. 4, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2008 H.B. 2188, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.810 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.810 - Penalty for violations.

Effective - 01 Jan 2017, 2 histories   443.810. Penalty for violations. — Any person who violates any provision of sections 443.805 to 443.812 is guilty of a class D felony. In addition, in any contested case proceeding, the director or board may assess a civil penalty of up to twenty-five thousand dollars per violation for any violation of any of the provisions of sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 2 subsec. 5, A.L. 1995 H.B. 63, et al., A.L. 2001 S.B. 538, A.L. 2008 H.B. 2188, A.L. 2009 H.B. 382, A.L. 2014 S.B. 491)  Effective 1-01-17