HB 432 -- Mortgage Brokers

Sponsor:  Liese

Currently, mortgage brokers must be audited annually.  This bill
exempts brokers from audit requirements if they post a $100,000
surety bond or irrevocable letter of credit.

The bill also makes numerous technical corrections and
clarifications and repeals the requirement that all
advertisements include the words "Missouri Residential Mortgage
Licensee."

Missouri House of Representatives
Last Updated September 13, 2001 at 2:02 pm