reglab/statecodes huggingface dataset:
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• 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)
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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.
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 28 Aug 2014, 4 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)
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 3 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 01 Jan 2017, 4 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 01 Jan 2017, 3 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers › Section 443.849 - Bonding requirements.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 28 Aug 2020, 3 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)
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 28 Aug 2020, 3 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)
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 08 Jul 2009, 2 histories, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 13 Jun 1995, see footnote
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
2023 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.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 443
• Effective - 13 Jun 1995, see footnote
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