SCS SB 1009 -- REAL ESTATE TRANSACTIONS

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 $2,500 or less from the
requirement that the funds be certified.

The bill contains an emergency clause.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:13 pm