HB 2175 -- Mortgage Brokers

Sponsor:  Zweifel

This bill requires every individual who engages in the business
of brokering, funding, originating, servicing, or purchasing
residential mortgage loans to be licensed by the Residential
Mortgage Board within the Department of Insurance, Financial
Institutions, and Professional Registration.  Any person who
violates the provisions of the bill will be guilty of a class C
felony and liable for damages caused to a borrower as determined
by a court of law.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm