HB 1873 -- Real Estate Transactions

Sponsor:  Yates

Currently, all moneys accepted by a settlement agent for closing
a real estate transaction must be certified funds unless the
buyer, seller, or lender is a financial institution.  This bill
exempts real estate transactions of less than $2,500 from the
requirement that they be certified funds.

The bill contains an emergency clause.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm