HCS SB 538 -- MORTGAGES AND MORTGAGE BROKERS

This bill allows licensed residential mortgage brokers the
option of providing a $100,000 surety bond or a $100,000
irrevocable letter of credit instead of an annual audit to the
Director of the Division of Finance.  In addition, the bill
makes several technical corrections to clarify existing mortgage
broker law.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:47 am