Tag Archive: "Missouri"
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Missouri Adopts Digital Assets Provisions
Missouri has enacted provisions regarding its Fiduciary Access to Digital Assets Act. These provisions are effective as of August 28, 2018.
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Missouri Adopts Notary Provisions
Missouri has adopted final provisions regarding electronic notary definitions and electronic signatures and seals. These provisions are effective as of June 30, 2017.
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Missouri Revises Statutes Regarding Notaries
Missouri Senate Bill No. 932 repeals certain sections of statutes related to notary publics and replaces them with new sections. Sections 370.230, 486.245, 486.275, 486.285, 486.305, 486.310, and 486.375, RSMo, are repealed and eight new sections enacted in lieu thereof, to be known as sections 370.230, 375.971, 486.245, 486.275, 486.285, 486.305, 486.310, and 486.375.
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Missouri Modifies Provisions Regarding Fees
By Zachary Pearlstein, J.D.Effective immediately, the General Assembly of Missouri has updated several sections of the Missouri Revised Statutes relating to financial transactions. The Assembly has increased various fees, which have been underlined below.Section 361.7071. Each application for a license pursuant to sections 361.700 to 361.727 shall be in writing and under oath to the […]
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Missouri Adopts Rules Requiring the Creation of an Account with NMLS for Residential Mortgage Loan Brokers
by: Paul McSheffreyThe Missouri Department of Insurance, Financial Institutions and Professional Registration recently amended 20 CSR 1140-30.240 regarding supervision of residential mortgage loan brokers. The changes require that before applying for or renewing a Missouri Residential Mortgage Loan Broker License, the applicant must register with the Nationwide Mortgage Licensing System and Registry (NMLS). Each applicant […]
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Missouri Modifies Provisions Regarding Financial Institutions
by: Paul McSheffreyThe state of Missouri has recently enacted House Bill No. 329, replacing various statutes relating to financial institutions. These sections are effective immediately. Under 361.160, the director of finance must arrange to visit and examine bank and trust companies annually. The amendment creates an exception for a “private trust company”, defined as “one […]
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Missouri Modifies Provisions Regarding Real Estate Loan Reporting
by: Lee Greenberg, Esq. The state of Missouri recently modified several provisions regarding the reporting of residential real estate loans through the enactment of Senate Bill No. 235. The new law has an effective date of August 28, 2013. The current law requires the directors of the Division of Finance and the Division of Credit […]