HB 2239 -- Transfer Fee Covenants on Real Estate

Sponsor:  Stevenson

This bill specifies that any transfer fee, declaration, or
covenant which requires the payment of a fee to a specific person
upon the transfer of real estate will not be binding on or
enforceable against any subsequent owner, purchaser, or mortgagee
of any interest in real property.  Any lien claiming to secure
the payment of a transfer fee under a transfer fee covenant
recorded in Missouri on or after September 1, 2008, will be void
and unenforceable.

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