reglab/housing_qa huggingface dataset:
MO Rev Stat § 443.867 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.867 - Disclosure statement required of brokers, content — fee — compensation.

Effective - 08 Jul 2009   443.867. Disclosure statement required of brokers, content — fee — compensation. — 1. Each residential mortgage loan broker shall disclose, within a loan brokerage disclosure statement and fee agreement with each borrower:  (1) Whether the licensee makes loans; and  (2) Whether the funds may be provided by another person which may affect availability of funds.  2. The mortgage loan brokerage disclosure statement and fee agreement shall disclose the amount and sources of the residential mortgage loan broker's fees and all other compensation related to obtaining a residential mortgage loan on behalf of the borrower.  3. The loan origination fee or other compensation of a residential mortgage loan broker shall not be limited under state law so long as the mortgage loan brokerage disclosure statement and fee agreement is fully compliant with this section and federal law.  4. A mortgage loan originator shall be compensated exclusively by the residential mortgage loan broker employing the mortgage loan originator. A mortgage loan originator shall not obtain compensation directly from any lender or borrower or any other person providing real estate settlement services.  5. In the event the mortgage loan brokerage disclosure statement and fee agreement is not fully compliant with this section or in the event the mortgage loan broker obtains fees and compensation in excess of the amount disclosed, the mortgage loan broker shall forfeit double the amount of fees and compensation obtained to the borrower. ­­-------- (L. 1994 S.B. 718 § 24, A.L. 2001 S.B. 538, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.871 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.871 - Director may issue subpoenas and subpoenas duces tecum — authority to administer oaths.

Effective - 13 Jun 1995   443.871. Director may issue subpoenas and subpoenas duces tecum — authority to administer oaths. — The director may issue and serve subpoenas and subpoenas duces tecum to compel the attendance of witnesses and the production of all books, accounts, records and other documents and materials relevant to an examination or investigation. The director or the director's duly authorized representative may administer oaths and affirmations to any person. ­­-------- (L. 1994 S.B. 718 § 26 subsec. 1, A.L. 1995 H.B. 63, et al.)  Effective 6-13-95
MO Rev Stat § 443.873 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.873 - Failure to comply with subpoenas, director may petition circuit court for compliance order, injunctive relief and other remedies authorized.

Effective - 13 Jun 1995   443.873. Failure to comply with subpoenas, director may petition circuit court for compliance order, injunctive relief and other remedies authorized. — If any person does not comply with a subpoena or subpoena duces tecum issued or caused to be issued by the director, the director may petition the circuit court of the county in which the person subpoenaed resides or has the person's principal place of business for an order requiring the subpoenaed person to appear and testify and to produce such books, accounts, records and other documents as are specified in the subpoena duces tecum. The court may grant injunctive relief restraining the person from advertising, promoting, soliciting, entering into, offering to enter into, continuing, or completing any residential mortgage financing transaction or residential mortgage servicing transaction. The court may grant such other relief, including, but not limited to, the restraint, by injunction or appointment of a receiver, of any transfer, pledge, assignment or other disposition of the person's assets or any concealment, alteration, destruction or other disposition of books, accounts, records or other documents and materials as the court deems appropriate, until the person has fully complied with the subpoena or subpoena duces tecum and the director has completed an investigation or examination. ­­-------- (L. 1994 S.B. 718 § 26 subsec. 2, A.L. 1995 H.B. 63, et al.)  Effective 6-13-95
MO Rev Stat § 443.875 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.875 - Bond may be required, conditioned on compliance with subpoena, when.

Effective - 13 Jun 1995   443.875. Bond may be required, conditioned on compliance with subpoena, when. — When it appears to the director that the compliance with a subpoena or subpoena duces tecum issued or caused to be issued by the director pursuant to sections 443.871 to 443.877 is essential to an investigation or examination, the director, in addition to the other remedies provided for in sections 443.871 to 443.877, may apply for relief to the circuit court of the county in which the subpoenaed person resides or has the person's principal place of business. The court shall thereupon direct the issuance of an order against the subpoenaed person requiring sufficient bond conditioned on compliance with the subpoena or subpoena duces tecum. The court shall cause to be endorsed on the order a suitable amount of bond or payment pursuant to which the person named in the order shall be freed, having a due regard to the nature of the case. ­­-------- (L. 1994 S.B. 718 § 26 subsec. 3, A.L. 1995 H.B. 63, et al.)  Effective 6-13-95
MO Rev Stat § 443.877 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.877 - Writ of attachment authorized on failure to comply with subpoena.

Effective - 13 Jun 1995   443.877. Writ of attachment authorized on failure to comply with subpoena. — In addition to the other provisions of sections 443.871 to 443.877, the director may seek a writ of attachment or an equivalent order from the circuit court having jurisdiction over the person who has refused to obey a subpoena, who has refused to give testimony or who has refused to produce the material described in the subpoena duces tecum. ­­-------- (L. 1994 S.B. 718 § 26 subsec. 4, A.L. 1995 H.B. 63, et al.)  Effective 6-13-95
MO Rev Stat § 443.879 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.879 - Reports required, failure to comply, penalty.

Effective - 08 Jul 2009   443.879. Reports required, failure to comply, penalty. — 1. In addition to any reports required pursuant to sections 443.701 to 443.893, every licensee shall file such other reports as the director shall request.  2. Any residential mortgage loan broker or any officer, director, employee or agent of any residential mortgage loan broker who fails to file any reports required by sections 443.701 to 443.893 or who shall deliberately, willfully or knowingly make, subscribe to or cause to be made any false entry with intent to deceive the director or the director's appointees or who shall purposely cause delay in filing such reports shall be deemed guilty of a class A misdemeanor. ­­-------- (L. 1994 S.B. 718 § 27, 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 § 443.883 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.883 - Director to maintain a staff capable of investigations — licensees to open record for investigators.

Effective - 08 Jul 2009   443.883. Director to maintain a staff capable of investigations — licensees to open record for investigators. — The director shall at all times maintain staff and facilities adequate to receive, record and investigate complaints and inquiries made by any person concerning sections 443.701 to 443.893 and any licensees licensed pursuant to the provisions of sections 443.701 to 443.893. Each licensee shall open the licensee's books, records, documents and offices wherever situated to the director or the director's appointees as needed to facilitate such investigations. ­­-------- (L. 1994 S.B. 718 § 29, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.885 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.885 - Report to be filed with director annually, contents.

Effective - 08 Jul 2009   443.885. Report to be filed with director annually, contents. — On or before March first of each year, each residential mortgage loan broker, except exempt persons shall file a report with the director which shall disclose the following information with respect to the immediately preceding calendar year:  (1) A list of home mortgages granted, issued, originated or closed during the report period, with respect to which such licensee has had any connection. The list shall show for each census tract, in regions where such census tracts have been established and by zip code in all other regions, the number and aggregate dollar amount of applications for and the number granted and aggregate dollar amount of:  (a) Conventional mortgage loans;  (b) Mortgage loans insured under the National Housing Act, 12 U.S.C. 1701, et seq.; and  (c) Mortgage loans guaranteed under the provisions of the Federal Veterans' Benefits Act, 38 U.S.C. 3710, et seq.;  (2) List by zip code in those areas having no census tract:  (a) The total number of home mortgages on real estate situated in this state with respect to which the licensee has had any connection and which are in default on the last day of the reporting period; and  (b) The total number of claims paid during the reporting period on home mortgages with respect to which the licensee has had any connection, including the date of the first default thereon and the date each such foreclosure proceeding was instituted;  (3) If the director finds that another report that the licensee is required to compile is equivalent to the annual report of mortgage activity, then the director may accept such report as fulfilling the reporting requirements of this section;  (4) The director may also require by rule that licensees report such additional information as is necessary to assure compliance with the provisions of sections 443.701 to 443.893. ­­-------- (L. 1994 S.B. 718 § 30, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.887 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.887 - General rulemaking powers of director.

Effective - 08 Jul 2009   443.887. General rulemaking powers of director. — 1. In addition to such other powers as may be prescribed by sections 443.701 to 443.893, the director may promulgate rules consistent with the purpose of sections 443.701 to 443.893, including, but not limited to:  (1) Such rules in connection with the activities of licensees as may be necessary and appropriate for the protection of consumers in this state;  (2) Such rules as may be necessary and appropriate to define improper or fraudulent business practices in connection with the activities of licensees;  (3) Such rules as may define the terms used in sections 443.701 to 443.893 and as may be necessary and appropriate to interpret and implement the provisions of sections 443.701 to 443.893; and  (4) Such rules as may be necessary for the enforcement of sections 443.701 to 443.893.  2. The director may make such specific ruling, demands and findings as the director may deem necessary for the proper conduct of the mortgage lending industry. ­­-------- (L. 1994 S.B. 718 § 31, 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 § 443.889 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.889 - Court action to recover compensation for services, proof that services performed by valid licensee required, exception.

Effective - 08 Jul 2009   443.889. Court action to recover compensation for services, proof that services performed by valid licensee required, exception. — Unless exempt from licensure pursuant to the provisions of sections 443.701 to 443.893, no person engaged in, or offering to engage in, any act or service for which a license is required pursuant to the provisions of sections 443.701 to 443.893 may bring or maintain any action in any court of this state to collect compensation for the performance of the licensable services without alleging and proving that the person was the holder of a valid residential mortgage license issued pursuant to the provisions of sections 443.701 to 443.893 at all times during the performance of such services. ­­-------- (L. 1994 S.B. 718 § 32, A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.891 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.891 - Charge in support of removal or prohibition notice issued on certain findings of conduct.

Effective - 08 Jul 2009   443.891. Charge in support of removal or prohibition notice issued on certain findings of conduct. — 1. Upon making any one or more of the following preliminary findings, the director may issue a notice of charges against a licensee in support of an order imposing a fine, requiring restitution or forfeiture, suspending or revoking a license, or an order of removal and prohibition, which order may remove and prohibit a named person from participating in loan brokering, mortgage brokering or mortgage brokerage service for any loan secured by real estate whether in the affairs of an exempt person or in the affairs of* any licensees under sections 443.701 to 443.893, or in the affairs of any depository** institution under the jurisdiction of the director. An order of removal or of prohibition may be permanent or for a specific term and may impose additional conditions including requiring restitution and imposition of a civil penalty not exceeding twenty-five thousand dollars per occurrence. The findings required by this section may be any one or more of the following:  (1) A finding that the person subject to the order has been convicted of a crime involving material financial loss to a licensee, a depository institution, a government-sponsored enterprise, a Federal Home Loan Bank, a Federal Reserve Bank or any other person;  (2) A finding that the person subject to the order has, in connection with the application for or procurement of a loan secured by real estate, made any material misstatement, misrepresentation, or omission. As used in this section, "material" means important information about which the director or board should be informed and which may influence a licensing or lending decision;  (3) A finding that the person subject to the order has pleaded guilty to, entered a plea of nolo contendere to, or been found guilty of mortgage fraud as defined in section 570.310;  (4) A finding that the person subject to the order has violated any provision of sections 443.701 to 443.893.  2. If a hearing is requested, the director or his or her designee shall conduct a hearing under chapter 536.  3. If the respondent defaults, consents to an order under this section, or if upon the record the director finds the grounds specified supporting an order, the director may issue such an order including conditions for restitution or for a civil penalty not to exceed twenty-five thousand dollars to be effective thirty days after service and to remain in effect and enforceable except to the extent it is stayed, modified, terminated or set aside by action of the director or a reviewing court. ­­-------- (L. 1994 S.B. 718 § 33, A.L. 1995 H.B. 63, et al., A.L. 2008 H.B. 2188, A.L. 2009 H.B. 382)  Effective 7-08-09  *Word "of" does not appear in original rolls.  **Word "depositary" appears in original rolls.
MO Rev Stat § 443.893 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.893 - Receiver or conservator to be appointed by court, when — attorney general's duty.

Effective - 08 Jul 2009   443.893. Receiver or conservator to be appointed by court, when — attorney general's duty. — When the director makes a finding that a receivership or conservatorship is necessary to protect consumers of a licensee from the consequences of the licensee's failure to comply with the provisions of sections 443.701 to 443.893 or other unsafe and unsound practice, the director shall request the attorney general of this state to petition the circuit court of Cole County or of the county in which the licensee is located to appoint a receiver or conservator for purposes of protecting consumers and resolving the affairs of the licensee. ­­-------- (L. 1994 S.B. 718 § 34, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)  Effective 7-08-09
MO Rev Stat § 443.901 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.901 - Reverse mortgage act — definitions.

Effective - 28 Aug 1995   443.901. Reverse mortgage act — definitions. — 1. Sections 443.901 to 443.912 shall be known and be cited as the "Missouri Reverse Mortgage Act".  2. For the purposes of sections 443.901 to 443.912 the following terms mean:  (1) "Authorized lender" or "lender", a lender authorized to engage in business as a bank, savings institution or credit union under the laws of the United States or this state, residential mortgage licensee who is licensed pursuant to sections 443.800 to 443.893 or entity that is an exempt entity pursuant to sections 443.800 to 443.893;  (2) "Brokered", the act of helping to obtain for an investor or other entity, or from an investor or other entity, for a borrower, a residential mortgage loan, including a reverse mortgage loan;  (3) "Originated", advertised, solicited, processed, for which a loan application is taken, or which is closed, committed for, or funded;  (4) "Principal" as it relates to reverse mortgages, the total of the net amount paid to, receivable by, contracted for, or paid, or payable, for the account of the borrower, and to the extent payment is deferred, additional charges permitted by sections 443.901 to 443.912;  (5) "Reverse mortgage loan", a loan originated, made or brokered by an authorized lender which:  (a) Is secured by residential real estate property;  (b) Provides cash advances to the borrower based upon the equity in the borrower's owner-occupied principal residence;  (c) Requires no payment of principal or interest until the entire loan becomes due and payable; and  (d) Otherwise complies with the terms of sections 443.901 to 443.912. ­­-------- (L. 1995 H.B. 63, et al. § 1)
MO Rev Stat § 443.906 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.906 - Reverse mortgage may be made regardless of certain other transactions.

Effective - 28 Aug 1995   443.906. Reverse mortgage may be made regardless of certain other transactions. — Reverse mortgage loans may be made or acquired without regard to the following provisions for other types of mortgage transactions:  (1) Limitations on the purpose and use of future advances or any other mortgage proceeds;  (2) Limitations on future advances to a term of years, or limitations on the term of credit line advances;  (3) Limitations on the term during which future advances take priority over intervening advances;  (4) Requirements that a maximum mortgage amount be stated in the mortgage;  (5) Prohibitions on balloon payments;  (6) Prohibitions on compound interest;  (7) Interest rate limits under the usury statutes;  (8) Requirements that a percentage of the loan proceeds must be advanced prior to loan assignment. ­­-------- (L. 1995 H.B. 63, et al. § 3)
MO Rev Stat § 443.909 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.909 - Treatment of payments for certain purposes.

Effective - 28 Aug 1995   443.909. Treatment of payments for certain purposes. — Reverse mortgage loan payments made to a borrower shall be treated as proceeds from a loan and not as income for the purpose of determining eligibility and benefits under means-tested programs of aid to individuals:  (1) Undisbursed funds shall be treated as equity in a borrower's home and not as proceeds from a loan for the purpose of determining eligibility and benefits under means-tested programs of aid to individuals;  (2) This section applies to any law relating to payments, allowances, benefits or services provided on a means-tested basis by this state, including, but not limited to, supplemental security income, low-income energy assistance, property tax relief, medical assistance and general assistance. ­­-------- (L. 1995 H.B. 63, et al. § 4)
MO Rev Stat § 443.912 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.912 - Statement regarding counseling services on reverse mortgages.

Effective - 28 Aug 1995   443.912. Statement regarding counseling services on reverse mortgages. — No reverse mortgage loan commitment may be made by a lender unless the loan applicant attests in writing that the applicant received from the lender at the time of initial inquiry a statement regarding the advisability and availability of independent information and counseling services on reverse mortgages. Such statement may be in a form developed by the lender or the division of finance. ­­-------- (L. 1995 H.B. 63, et al. § 5)
MO Rev Stat § 443.930 (2021)
2021 Missouri Revised Statutes|Title XXIX - Ownership and Conveyance of Property|Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers|Section 443.930 - Prohibited acts — constitutes mortgage fraud — no private right of action created.

Effective - 28 Aug 2008   443.930. Prohibited acts — constitutes mortgage fraud — no private right of action created. — 1. It is unlawful for a person, in connection with the application for or procurement of a loan secured by real estate to:  (1) Employ a device, scheme, or artifice to defraud;  (2) Make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it is made, not misleading;  (3) Receive any portion of the purchase, sale, or loan proceeds, or any other consideration paid or generated in connection with a real estate closing that such person knew involved a violation of this section; or  (4) Influence, through extortion or bribery, the development, reporting, result, or review of a real estate appraisal, except that this subsection does not prohibit a mortgage lender, mortgage broker, mortgage banker, real estate licensee, or other person from asking the appraiser to do one or more of the following:  (a) Consider additional property information;  (b) Provide further detail, substantiation, or explanation for the appraiser's value conclusion; or  (c) Correct errors in the appraisal report in compliance with the Uniform Standards of Professional Appraisal Practice.  2. Such acts shall be deemed to constitute mortgage fraud.  3. This section shall not be construed to create a private right of action. ­­-------- (L. 2008 H.B. 2188)