HB2188 - Missouri
HB2188 - Creates civil and criminal penalties for mortgage fraud and imposes sanctions upon certain licensed professionals and unlicensed individuals who commit the crime |
05/30/2008 
Signed by House Speaker05/29/2008- Signed by Senate President05/29/2008
- Delivered to Governor05/29/2008
- Signed by House Speaker(H)05/29/2008
- Signed by President Pro Tem (S)05/29/2008
- annonymous said05/06/2008
I have read the mortgage fraud bill and I saw nowhere an appraiser is protected by mortgage brokers put undue pressure on the appraiser to hit a number. The appraiser is constantly being asked to provide information to mortgage brokers that would support a certain value in the appraisal was completed. The mere action suggests the appraiser can accomodate a number when no inspection of the property has been made. Broker's tend to call this a comp search. It should be outlawed. Mortgage broker's should be made to order appraisals only and allow the appraiser to do their job. The law uses the words extort and/or bribe. Great words, but are very strong & hard to prove. 
05/02/2008 05/02/2008 
H Calendar H Bills with S Amendments (SCS)05/01/2008- House Concurs (H)05/01/2008
- SCS ADOPTED05/01/2008
- Truly Agreed To and Finally Passed05/01/2008
- H concurs in SCS05/01/2008
- H Third Read and Passed05/01/2008
- AYES: 14605/01/2008
- NOES: 305/01/2008
- AYES: 14105/01/2008
- NOES: 505/01/2008
- H Calendar H Bills with S Amendments (SCS)04/30/2008
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