reglab/statecodes huggingface dataset:
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.180 - General Usury Rate (January 1 through March 31, 1984)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 14.3%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.190 - General Usury Rate (April 1 through June 30, 1984)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 14.4%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.200 - General Usury Rate (July 1 through September 30, 1984)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 15.9%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.210 - General Usury Rate (October 1 through December 31, 1984)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 15.2%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.220 - General Usury Rate (January 1 through March 31, 1985)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 14.31%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.230 - General Usury Rate (April 1 through June 30, 1985)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 14.4%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.240 - General Usury Rate (July 1 through September 30, 1985)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 14.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.250 - General Usury Rate (October 1 through December 31, 1985)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 13.6%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.260 - General Usury Rate (January 1 through March 31, 1986)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 13.1%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.270 - General Usury Rate (April 1 through June 30, 1986)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.1%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.280 - General Usury Rate (July 1 through September 30, 1986)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.290 - General Usury Rate (October 1 through December 31, 1986)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.7%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.300 - General Usury Rate (January 1 through March 31, 1987)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.8%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.310 - General Usury Rate (April 1 through June 30, 1987)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.7%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.320 - General Usury Rate (July 1 through September 30, 1987)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.8%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.330 - General Usury Rate (October 1 through December 31, 1987)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.340 - General Usury Rate (January 1 through March 31, 1988)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.350 - General Usury Rate (April 1 through June 30, 1988)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.4%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.360 - General Usury Rate (July 1 through September 30, 1988)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.2%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.370 - General Usury Rate (October 1 through December 31, 1988)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.3%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.380 - General Usury Rate (January 1 through March 31, 1989)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.1%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.390 - General Usury Rate (April 1 through June 30, 1989)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.2%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.400 - General Usury Rate (July 1 through September 30, 1989)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.410 - General Usury Rate (October 1 through December 31, 1989)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.3%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.420 - General Usury Rate (January 1 through March 31, 1990)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.430 - General Usury Rate (April 1 through June 30, 1990)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.7%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.440 - General Usury Rate (July 1 through September 30, 1990)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.9%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.450 - General Usury Rate (October 1 through December 31, 1990)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 12.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.460 - General Usury Rate (January 1 through March 31, 1991)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.6%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.470 - General Usury Rate (April 1 through June 30, 1991)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.1%
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.480 - General Usury Rate (July 1 through September 30, 1991)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.3%
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.490 - General Usury Rate (October 1 through December 31, 1991)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.2%
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.500 - General Usury Rate (January 1 through March 31, 1992)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.8%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.510 - General Usury Rate (April 1 through June 30, 1992)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.8%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.520 - General Usury Rate (July 1 through September 30, 1992)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.8%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.530 - General Usury Rate (October 1 through December 31, 1992)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.2%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.540 - General Usury Rate (January 1 through March 31, 1993)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.4%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.550 - General Usury Rate (April 1 through June 30, 1993)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.9%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.560 - General Usury Rate (July 1 through September 30, 1993)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.7%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.570 - General Usury Rate (October 1 through December 31, 1993)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.2%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.580 - General Usury Rate (January 1 through March 31, 1994)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.3%.
State ex rel. Crist v. Nationwide Financial Corp., 588
					 SW2d8 (Mo. App. 1979). "Real estate loans, " excepted from usury limitations,
					 are those loans whose purpose is the purchase of nonresidential or
					 nonagricultural real estate, and not simply a loan secured by real estate.
					 Also, the commissioner of finance has standing to bring suit as a private
					 realtor to prevent violation of a law which he is entrusted to enforce.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.590 - General Usury Rate (April 1 through June 30, 1994)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.4%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.600 - General Usury Rate (July 1 through September 30, 1994)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.5%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.610 - General Usury Rate (October 1 through December 31, 1994)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.6%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.620 - General Usury Rate (January 1 through March 31, 1995)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 11.2%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.630 - General Usury Rate (April 1 through June 30, 1995)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.7%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.640 - General Usury Rate (July 1 through September 30, 1995)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.0%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.650 - General Usury Rate (October 1 through December 31, 1995)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.9%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.660 - General Usury Rate (January 1 through March 31, 1996)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.3%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.670 - General Usury Rate (April 1, 1996 through June 30, 1996)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.3%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.680 - General Usury Rate (July 1, 1996 through September 30, 1996)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 10.1%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.690 - General Usury Rate (October 1, 1996 through December 31, 1996)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.9%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.700 - General Usuary Rate (January 1, 1997 through March 31, 1997)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.6%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 8 - General Usury Rate › Section 4 CSR 140-8.710 - General Usury Rate (April 4, 1997 through June 30, 1997)

Current through Register Vol. 49, No. 14, July 15, 2024
The market rate for interest was
					 9.8%.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 140 - Division of Finance › Chapter 15 - Operations of Associations › Section 4 CSR 140-15.011 - Accounting for Deferred Losses and Gains on the Sale or Other Disposition of Mortgage Loans, Mortgage-Related Securities and Certain Debt Securities

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 150 - State Board of Registration for the Healing Arts › Chapter 3 - Licensing of Physical Therapists and Physical Therapist Assistants › Section 4 CSR 150-3.010 - Applicants for Licensure as Professional Physical Therapists

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 150 - State Board of Registration for the Healing Arts › Chapter 3 - Licensing of Physical Therapists and Physical Therapist Assistants › Section 4 CSR 150-3.090 - Physical Therapist Assistants-Direction, Delegation and Supervision

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 150 - State Board of Registration for the Healing Arts › Chapter 3 - Licensing of Physical Therapists and Physical Therapist Assistants › Section 4 CSR 150-3.130 - Physical Therapist Assistant Licensure-Grandfather Clause

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 150 - State Board of Registration for the Healing Arts › Chapter 3 - Licensing of Physical Therapists and Physical Therapist Assistants › Section 4 CSR 150-3.180 - Physical Therapist Assistant Registration-Supervision, Name and Address Changes

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 150 - State Board of Registration for the Healing Arts › Chapter 5 - General Rules › Section 4 CSR 150-5.010 - Amphetamine, Amphetamine-Like Drugs

Current through Register Vol. 49, No. 14, July 15, 2024
Editor's Note: On April 14, 1992 the Circuit Court of St.
					 Louis County found that 4 CSR 150-5.010 was void since it exceeded the
					 statutory rulemaking authority granted to the Missouri State Board of
					 Registration for the Healing Arts in 334.125,
					 RSMo.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 150 - State Board of Registration for the Healing Arts › Chapter 8 - Licensing of Clinical Perfusionists › Section 4 CSR 150-8.030 - Applicants for Licensure as Clinical Perfusionists by Reciprocity

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 1 - General Organization › Section 4 CSR 170-1.100 - Definitions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule defines terms used in 4 CSR 170-1
				  through 4 CSR 170-8.
(1)
				Definitions.
(A) The following words and terms
				are used with specific intent throughout 4 CSR 170-1 through 4 CSR 170-8 and
				are defined herein for clarity of meaning. As used in these rules, the
				following words and terms shall have the meaning described below. Furthermore,
				the definitions pertaining to the commission in the
Missouri Revised
				Statutes
are incorporated into 4 CSR 170-1 through 4 CSR 170-8 by
				reference. In the event there is a conflict between the definitions set forth
				in the
Missouri Revised Statutes
and the definitions set forth
				in 4 CSR 170-1 through 4 CSR 170-8, the definitions set forth in 4 CSR 170-1
				through 4 CSR 170-8 shall prevail.
(B) The following terms shall bear the
				meaning described below:
1. AHAP-The
				Affordable Housing Assistance Program is the tax credit program designed to
				provide affordable housing to very low income persons who would not otherwise
				be adequately housed under sections
				32.105,
				32.111,
				and
				32.112,
				RSMo;
2. Commission-The Missouri
				Housing Development Commission which is a governmental instrumentality of the
				state of Missouri and constitutes a body corporate and politic created by
				Chapter 215, RSMo, and supplemented in Appendix B-1 to the Missouri Omnibus
				Reorganization Act of 1974;
3.
				Custodian of records-The commission employee designated as the individual
				responsible for the maintenance of the commission's records pursuant to section
				610.023,
				RSMo;
4. DED-The Missouri
				Department of Economic Development;
5. Development-Any single family or apartment
				(multi-family) housing project having common ownership which benefits from
				commission-administered resources in whole or in part;
6. Director-The executive director of the
				commission;
7. Federal LIHTC-The
				Low Income Housing Tax Credit Program implemented by the United States of
				America as codified in
26 U.S.C.A. 42
;
8. General counsel-The chief lawyer of the
				commission;
9. KC Office-The
				commission office in the city of Kansas City, Missouri, which may relocate from
				time-to-time;
10. MHTF-The Missouri
				Housing Trust Fund as codified in sections 215.034-215.039, RSMo;
11. MO LIHTC-The Missouri Low Income Housing
				Tax Credit Program as codified at sections 135.350-135.363, RSMo, and sections
				135.800-135.830, RSMo;
12. State
				Housing Act-sections 215.010-215.250, RSMo; and
13. Sunshine Law-The state of Missouri open
				records law as codified at sections 610.010-610.225, RSMo.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 2 - Income Limitations › Section 4 CSR 170-2.100 - Income Limitations

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the income limitations
				  for persons and families wishing to rent or purchase housing financed by or
				  through the Missouri Housing Development Commission.
(1) Except as provided in this section, all
				term(s) used in
				4 CSR
				170-2.100 shall bear the same meaning as the defined
				term(s) described in
				4 CSR 170-1.100 and
				the state housing act.
(2) Housing
				units, whether multi-family or single family, shall be subject to a maximum
				income limit for families and individuals set at one hundred fifty percent
				(150%) of applicable median family income for the area in which the housing
				unit is located. "Applicable median family income" shall have the same meaning
				as set forth in Section 143 of the
Internal Revenue Code of
				1986
.
(3) Housing units
				receiving federal and state resources, including tax-exempt bond authority, are
				subject to the income limits, certifications, procedures, occupancy standards,
				and other applicable requirements of federal and state laws and
				rules.
(4) Income Information and
				Verification.
(A) The approved mortgagor (as
				such term is defined in section
				215.010(1),
				RSMo, and
				4 CSR 170-3.100 ), or
				originating lender in the case of a single-family loan, shall have the
				responsibility of determining the income and eligibility of applicants for
				housing units on which the Missouri Housing Development Commission (commission)
				provides financing. The approved mortgagor, or originating lender in the case
				of a single-family loan, shall provide the commission staff with verification
				of income as may be requested by the commission staff in conjunction with loan
				origination and closing.
(B) After
				initial occupancy, the rental occupant shall be responsible for reporting
				changes in his/her total annual income and family composition and for providing
				the approved mortgagor and the commission with an updated verification of
				income, as the commission staff may request.
(C) If a rental occupant shall fail, refuse,
				or neglect to furnish complete income information or family composition or to
				cooperate in the verification of this information, the commission staff may
				serve upon the occupant, by registered or certified mail or in person, a
				statement of the information desired and a demand that the information be
				furnished within a specified period of time not less than seven (7) days. If an
				occupant so notified shall then fail to furnish the information requested, the
				approved mortgagor may increase the rental rate on the unit so occupied up to
				the maximum surcharge as prescribed in the schedule approved by the commission
				staff for each development.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 3 - Requirements for Qualification as an Approved Mortgagor of Multi-Family Rental Housing › Section 4 CSR 170-3.010 - Approved Mortgagor

Current through Register Vol. 49, No. 14, July 15, 2024
(Rescinded January 30, 2011)
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 3 - Requirements for Qualification as an Approved Mortgagor of Multi-Family Rental Housing › Section 4 CSR 170-3.100 - Definitions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule defines the terms used in this
				  chapter.
(1) As used in this
				chapter, all terms not otherwise defined herein shall have the meanings set
				forth in the state housing act and/or in
				4 CSR 170-1.100. For
				purposes of this chapter, the following terms shall have the following
				meanings:
(A) Approved mortgagor. Any
				individual or entity falling within the definition of approved mortgagor set
				forth in section
				215.010(1), RSMo (as
				the same may be amended from time-to-time), and further meeting the
				qualifications set forth in this chapter;
(B) Limited dividend corporation. Any
				corporation falling within the definition of limited dividend corporation set
				forth in section
				215.010(6), RSMo (as
				the same may be amended from time-to-time), and further meeting the
				qualifications set forth in this chapter;
(C) Nonprofit corporation. Any corporation
				falling within the definition of nonprofit corporation set forth in section
				215.010(9), RSMo (as
				the same may be amended from time-to-time), and further meeting the
				qualifications set forth in this chapter; and
(D) Partnership. Any general partnership, as
				well as any non-incorporated legal entity, formed under the laws of the state
				of Missouri.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 3 - Requirements for Qualification as an Approved Mortgagor of Multi-Family Rental Housing › Section 4 CSR 170-3.200 - Approved Mortgagor

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule is intended to carry out the
				  provisions of section
				  215.010(1), (6), and
				  (9), RSMo, which defines the terms approved
				  mortgagor, limited dividend corporation, and nonprofit
				  corporation.
(1) In order for
				an entity to qualify as an approved mortgagor under section
				215.010, RSMo, it
				must be in compliance with all applicable laws of the state of Missouri and
				must also meet the following requirements:
(A)
				The entity must be acting or formed primarily for the purpose of providing
				residential housing at low and moderate rentals for low- and moderate-income
				families under regulations and standards adopted by the Missouri Housing
				Development Commission (commission); and
(B) The entity must be regulated as to rents,
				sales, charges, capital structure, rate of return, and methods of operation in
				the form and manner as the commission deems necessary to effectuate the
				purposes of the state housing act and these regulations. If, however, the
				commission holds only a participation interest in a mortgage loan originated by
				another lender, the entity to which such loan was made may be, at the
				discretion of the commission, but is not required to be, regulated as to one
				(1) or more of rents, sales charges, capital structure, rate of return, and/or
				methods of operation, in the form and manner as the commission deems necessary
				to effectuate the purposes of the state housing act and these
				regulations.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 4 - Supervision of Mortgagors › Section 4 CSR 170-4.100 - Definitions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule defines the terms used in this
				  chapter.
(1) As used in this
				chapter, all terms not otherwise defined herein shall have the meanings set
				forth in the state housing act and/or in
				4 CSR 170-1.100. For
				purposes of this chapter, the following terms shall have the following
				meanings:
(A) Approved mortgagor. Any
				individual or entity noted in section
				215.010(1), RSMo (as
				the same may be amended from time-to-time), and further meeting the
				qualifications set forth in 4 CSR 170-3;
(B) HUD. The U.S. Department of Housing and
				Urban Development;
(C) Mortgage(s).
				The mortgage loan made to an approved mortgagor by the Missouri Housing
				Development Commission (commission), as well as all other mortgage loans an
				approved mortgagor has received in relation to its development and which the
				commission has approved;
(D)
				Partnership. Any general partnership, as well as any non-incorporated legal
				entity, formed under the laws of the state of Missouri;
(E) Regulatory agreement or land use
				restriction agreement. Any agreement(s) which the commission shall require to
				be executed and recorded on a property for which the commission has provided a
				mortgage as a condition of providing such mortgage and which restricts the use
				and transfer of a property for which the mortgage is provided; and
(F) Surplus cash. The equivalent of the
				amount calculated utilizing the formula set forth in
				4
				CSR 170-4.200(4).
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 4 - Supervision of Mortgagors › Section 4 CSR 170-4.200 - Rules and Limitations on Earnings, Dividends, and Other Distributions by Approved Mortgagors

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule provides regulatory control by the
				  Missouri Housing Development Commission (commission) over approved mortgagors.
				  It restricts the distribution of earnings and dividends on housing developments
				  financed in whole or in part by the commission to a maximum of eight percent
				  (8%) per year of the equity in the development, subject to the discretion of
				  the commission, and prohibits any distributions except out of surplus cash, as
				  defined in this rule.
(1) Net
				earnings, dividends, or other distributions, as defined in the state housing
				act, these regulations, or in the Missouri Housing Development Commission
				(commission) regulatory agreement, may be declared or made only as of or after
				the end of an annual, semiannual, or quarterly fiscal period.
(2) The amount of any allowable net earnings,
				distributions, or disbursements from surplus cash of the development shall not
				exceed, in any one (1) fiscal year, eight percent (8%) per annum of the equity
				in a development.
(3) The equity in
				a development shall consist of the difference between the mortgage(s) as
				reduced by the payment(s) to principal and development costs. With respect to
				every development, the commission shall establish equity at the time of cost
				certification, as approved and determined by the commission on all residential
				housing developments originated and funded under the regulations and standards
				of the state housing act. Equity may be increased with the written approval of
				the commission in the event of improvements to the development deemed
				essential. The commission's determination of equity should not be identified
				with the U.S. Department of Housing and Urban Development (HUD) determination
				of equity.
(4) No net earnings,
				dividends, distributions, or other disbursements of any kind whatsoever shall
				be declared or made except out of surplus cash. Surplus cash shall be the
				amount of funds available and remaining after-
(A) The payment of development expenses which
				may include:
1. All sums due or required to be
				paid under the terms of any deed of trust note or regulatory
				agreement;
2. All amounts required
				to be deposited in any reserve accounts required or otherwise approved by the
				commission, including, but not limited to, the reserve fund for replacements;
				and
3. All obligations of the
				development (other than the deed of trust held by the commission) including,
				but not by limitation of, all costs and expenses of maintenance and operation,
				and all amounts paid for taxes, assessments, insurance premiums, and other
				similar charges, unless funds for payment are set aside, or deferment of
				payment has been approved by the commission; and
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 5 - Affordable Housing Assistance Program › Section 4 CSR 170-5.200 - Application

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes the procedures for
				  submitting applications and the criteria and priorities for the approval or
				  disapproval of these applications.
(1) Eligible agencies wanting to receive
				Affordable Housing Assistance Program (AHAP) tax credits must make application
				to the Missouri Housing Development Commission (commission) staff for approval
				and receive approval before an eligible donation from an eligible donor is
				received by the eligible agency. If approved, the commission staff will issue a
				reservation letter notifying the eligible agency of the approval and setting
				out the conditions of the reservation.
(2) All applications shall be made on the
				forms supplied by the commission staff and available on the commission's
				website or by contacting the commission staff directly.
(A) Applications for production credits
				consisting of construction or rehabilitation of affordable housing units and/or
				donation of property, or for providing affordable housing units to eligible
				occupants through an affordable housing rent subsidy program by an eligible
				agency will include, but not be limited to, those requirements set forth in
				sections 135.802.1,
				135.802.6,
				and 32.111, RSMo.
(B) Applications
				for operating assistance credits providing for general operating assistance to
				eligible agencies, in addition to the requirements set forth in sections
				135.802.1,
				135.802.6,
				and 32.111, RSMo, must specify-
1. The
				projected use of the eligible donation with respect to qualified operating
				expenses;
2. The need for the
				eligible donation; and
3. The
				leverage with additional resources.
(C) The commission staff may request any
				additional information it determines necessary to evaluate any
				application.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 5 - Affordable Housing Assistance Program › Section 4 CSR 170-5.300 - Approval and Reservation Process

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes procedures and
				  identifies requirements for application approval or disapproval and reservation
				  of Affordable Housing Assistance Program (AHAP) tax credits.
(1) Approval or disapproval of the
				application to receive Affordable Housing Assistance Program (AHAP) tax credits
				will be given in writing by the commission staff.
(2) Factors to be considered in the approval
				or disapproval of an application to provide affordable housing units through
				the use, new construction, rehabilitation, or donation of units shall include,
				but shall not be limited to, the following:
(A) Qualification of the applicant as an
				eligible agency;
(B) Feasibility of
				the project;
(C) Need;
(D) Leverage;
(E) Community support; and
(F) Eligibility of the donor and the
				donations.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 5 - Affordable Housing Assistance Program › Section 4 CSR 170-5.400 - Issuance of the Tax Credit

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes the total amounts of
				  Affordable Housing Assistance Program (AHAP) tax credits, computation of AHAP
				  tax credits, and proof of contribution for AHAP.
(1) The amount of the Affordable Housing
				Assistance Program (AHAP) tax credit shall not exceed fifty-five percent (55%)
				of the total amount of eligible donations donated for affordable housing
				assistance activities (or market rate housing in distressed communities as
				defined in section
				135.530,
				RSMo) by an eligible donor.
(2)
				Calculation of the minimum number of affordable housing units required-
(A) For developments consisting of multiple
				residential units (multi-family development) for which the eligible donation is
				the donation of the property itself, the number of units subject to the
				restrictions set forth in the AHAP land use restriction agreement (LURA) shall
				be fifty percent (50%) of the total units;
(B) For multi-family developments receiving
				other types of eligible donations, the number of units subject to the
				restrictions set forth in the AHAP LURA shall be calculated by taking the
				amount of the eligible donation and dividing it by the total development cost
				of the residential portion of the property and applying this fraction to the
				total number of units available for affordable housing units. The resulting
				number shall be rounded to the nearest whole number and will represent the
				number of affordable housing units required for the development;
(C) For single family homes that are not a
				part of a greater development which is under common ownership, all homes that
				receive the benefit of an eligible donation shall be an affordable housing
				unit;
(D) For the purposes of
				transitional housing and shelters, as such terms shall be determined by the
				commission staff from time-to-time, the entire facility shall be subject to the
				restrictions set forth in the AHAP LURA; and
(E) For purposes of the affordable housing
				rent subsidy, the number of units shall be determined by the number of
				qualifying eligible occupants receiving affordable housing rent subsidy from
				funds available from eligible donations.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 5 - Affordable Housing Assistance Program › Section 4 CSR 170-5.500 - Compliance Requirements and Recapture

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes the compliance
				  requirements for the Affordable Housing Assistance Program
				  (AHAP).
(1) The Missouri
				Housing Development Commission (commission) staff is authorized, in its
				discretion, to audit the records and accounts of the approved mortgagor of the
				affordable housing units for which the Affordable Housing Assistance Program
				(AHAP) tax credit is claimed or audit the records and accounts of the eligible
				agency providing the affordable housing rent subsidies to tenants of claimed
				units in order to verify the information provided in the tax
				certification.
(2) Eligible
				agencies receiving a reservation of AHAP tax credits shall submit progress
				reports as required by the commission staff and specified in the reservation
				letter and/or in the AHAP land use restriction agreement (LURA). Failure to
				file the required progress reports within the prescribed time shall result in
				recapture of all AHAP tax credits that have not been allocated to that date,
				subject to the discretion of the commission staff.
(3) Eligible agencies that believe they will
				be unable to obtain the required amount of eligible donations to satisfy the
				entire reservation are highly encouraged to contact the commission staff as
				soon as they have made this determination so that funds can be
				reallocated.
(4) When an eligible
				agency has been unsuccessful in utilizing reservations by the prescribed
				deadline as set forth in the reservation letter, the commission staff shall
				send a letter of notification to notify the eligible agency of the amount of
				the reservation recaptured.
(5) For
				as long as there are eligible donation funds available, an eligible agency
				providing affordable housing units to eligible occupants through a housing rent
				subsidy program, and for which an AHAP tax credit is being claimed by an
				eligible donor, shall certify to the commission that all tenants receiving
				affordable housing rent subsidies are income-eligible for affordable housing
				units and the rental subsidies for each claimed unit are in compliance with the
				provisions of sections 32.100-32.125, RSMo, and all other applicable
				commission-required certifications and documentation and state and federal laws
				and regulations.
(6) Allocations of
				AHAP tax credits shall be revoked in the event of intentional fraud by the
				eligible donor.
(7) The commission
				staff shall notify the director of the Missouri Department of Revenue of any
				recapture or revocation of AHAP tax credits.
*Original authority: 32.111 , RSMo 1990, amended 1993,
					 1996, 1998, 1999; 32.112, RSMo 1996, amended 1999; and 215.030, RSMo 1969,
					 amended 1974, 1982, 1985, 1989, 1993, 1995,
					 1998.
Missouri Code of State Regulations › Title 4 - Department of Economic Development › Division 170 - Missouri Housing Development Commission › Chapter 6 - Missouri Low Income Housing Tax Credit › Section 4 CSR 170-6.100 - Criteria for Eligibility Statement

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule establishes the criteria upon
				  which the eligibility statements for the Missouri low income housing tax credit
				  will be issued, as mandated in sections
				  135.352
				  and 135.800-135.830, RSMo.
(1) All terms used in this chapter shall bear
				the meaning described in the state housing act,
				4 CSR 170-1.100, and
				section
				135.350, RSMo, as
				applicable. When used in this chapter, the following terms shall have the
				following meanings:
(A) Carryover. An
				agreement provided to developments which are not ready to be placed in service
				by year-end, but which have incurred or will incur within a period of twelve
				(12) months, more than ten percent (10%) of the total development cost pursuant
				to 26 U.S.C.A. 42(h)(1)(E) -(F);
(B) Conditional reservation. A countersigned
				document generated by the commission staff following approval of a development
				which will describe the type, amount(s), terms, and requirements applicable to
				the development in question. This document is subject to the requirements that
				the commission determines necessary or appropriate to assure that the
				development will meet the goals of the Qualified Allocation Plan (QAP) in a
				timely manner;
(C) Cost
				certification. A certification of actual costs of the development, as prepared
				by a certified public accountant;
(D) Firm commitment. A written agreement
				which sets forth the final underwritten terms and requirements of a
				transaction;
(E) Firm submission.
				The information and documents which the taxpayer is required to submit to
				commission staff, as identified in the conditional reservation;
(F) Housing credit administrator. The entity
				which is empowered as the federal low income housing tax credit (federal LIHTC)
				and Missouri low income housing tax credit (MO LIHTC) administrator for the
				state of Missouri;
(G) Land Use
				Restriction Agreement (LURA). An agreement which describes the covenants which
				the applicant is making which will run with the land;
(H) Notice of Funding Availability (NOFA). A
				document which alerts the public that the commission has funds available for
				the construction or rehabilitation of affordable housing developments;
				and
(I) Qualified Allocation Plan
				(QAP). A plan which sets forth the process the commission will use to
				administer the federal LIHTC and MO LIHTC in Missouri.