All Banks And Financial Institutions Legislation - Missouri
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Latest Action: 05/16/2008 - Referred: Judiciary (H) Bill Text HB 2453 - MISSOURI UNIFORM TRUST CODE - Pratt, Bryan Adds United States government obligations to the types of securities in which a trustee may invest and reinvest trust assets under the Missouri Uniform Trust Code Comment on Bill Latest Action: 05/16/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 2408 - LIMIITED LIABILITY COMPANY TAXATION - Avery, Jim Allows members of limited liability companies to deduct their share of the company's financial institutions tax liability from the member's Missouri individual income tax liability HB2350 - HB 2350 - CREDIT AND DEBIT CARD INFORMATION - Yaeger, Patricia
Latest Action: 04/03/2008 - Referred: Special Committee on Small Business (H) Bill Text HB 2350 - CREDIT AND DEBIT CARD INFORMATION - Yaeger, Patricia Requires merchants to have access to certain credit and debit card rate information Latest Action: 05/16/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 2331 - FINANCIAL INSTITUTIONS - Spreng, Michael Allows the Governor to authorize the Director of the Division of Finance to suspend certain laws and rules for financial institutions during a state of emergency SB1280 - SB1280 - Creates the Livestock Feed and Crop Input Loan Guarantee Program
Latest Action: 03/03/2008 - Second Read and Referred S Agriculture, Conservation, Parks & Natural Resources Committee Bill Text SB 1280 - The Missouri Agricultural and Small Business Development Authority (MASBDA) shall develop and implement a Livestock Feed and Crop Input Loan Guarantee Program. The program shall provide loan guarantees for up to 50% of the amount of a loan on a declining principal basis, not to exceed $40,000 per individual loan. The loan guarantee program` shall make such payment to eligible lenders in the event of loan default by recipients of loans given for the purpose of purchasing or growing feed for livestock production. MASBDA shall charge a one-time $50 fee for each guaranteed loan and may charge a fee up to 1% per year on the outstanding principal of any guaranteed loan. These fees shall be used to administer the program. The act limits the total amount of outstanding loans that may be guaranteed by MASBDA to whatever amount is deemed to allow 20% of such loan guarantees to be immediately redeemed at any time. The act creates the Livestock Feed and Crop Input Loan Guarantee [...] show full description HB2295 - HB 2295 - SERVICE CONTRACTS AND SECURITY PLANS - Jones, Timothy W.
Latest Action: 04/02/2008 - Public Hearing Completed (H) Bill Text HB 2295 - SERVICE CONTRACTS AND SECURITY PLANS - Jones, Timothy W. Allows a lender to sell, charge a fee for, or finance as part of a loan a motor vehicle extended service contract or a home or automobile security plan SB1235 - SB1235 - Modifies provisions related to a trustee's powers under the Missouri Uniform Trust Code
Latest Action: 05/29/2008 - Reported Duly Enrolled S Rules Committee Bill Text SCS/SB 1235 - Current law provides that a trustee may invest and reinvest trust assets in securities or obligations of any state or its political subdivisions, including securities that are underwritten by the trustee or an affiliate thereof. This act provides that in addition to the authority in current law, the trustee may invest trust assets in U.S. government obligations or other interests in any open-end or closed-end management investment company or investment trust registered under federal law, including but not limited to U.S. government obligations or repurchase agreements collateralized by such obligations, notwithstanding that the provided that the governing instrument or order requires or permits investment in U.S. government obligations, and provided that the portfolio of the investment company or investment trust is limited to U.S. government obligations and to repurchase agreements fully collateralized by such obligations, and provided that the investment company or trust [...] show full description SB1202 - SB1202 - Allows lenders to charge for home and auto security plans
Latest Action: 03/31/2008 - SCS Voted Do Pass S Financial & Governmental Organizations and Elections Committee (5334S.02C) Bill Text SCS/SB 1202 - This act allows lending institutions to sell, charge a fee for, or finance as part of a loan, home and automobile security plans. These plans provide certain services relating to protection against home or auto emergencies and accidents. Lenders may not require the purchase of the plan as a condition for approval of the loan. Purchasers of the plans shall be entitled to cancel the transaction and receive a refund within 30 days of the purchase. Purchasers of the plans must provide written acknowledgment of their intent to purchase the plans. This act is similar to SB 466 (2008). CHRIS HOGERTY HB2263 - HB 2263 - CONSUMER REPORT SECURITY FREEZE ACT - Frame, Michael
Latest Action: 04/10/2008 - Referred: Special Committee on Small Business (H) Bill Text HB 2263 - CONSUMER REPORT SECURITY FREEZE ACT - Frame, Michael Establishes the Consumer Report Security Freeze Act SB1174 - SB1174 - Provides that covenants for transfer fees on real estate shall be unenforceable against subsequent owners
Latest Action: 02/27/2008 - Second Read and Referred S Judiciary and Civil & Criminal Jurisprudence Committee Bill Text SB 1174 - This act provides that no covenant for a fee or charge to be paid upon the transfer of an interest in real property shall be enforceable against any subsequent owner, purchaser, or mortgagee of any interest in real property. A transfer fee shall not include: (1) Any consideration payable for the interest in real property being transferred; (2) Any commission payable to a real estate broker under an agreement between the broker and the grantor or grantee; (3) Any amount payable by a borrower to a lender pursuant to a loan secured by a mortgage against real property, including any fee payable to the lender for consenting to an assumption of the loan or a transfer of the real property subject to the mortgage any fees payable to the lender for estoppel letters or certificates, or any other consideration allowed by law payable to the lender in connection with the loan; (4) Any amount payable by a lessee to a lessor under a lease; (5) Any consideration payable [...] show full description SB1161 - SB1161 - Provides low interest loans for alternative energy generation
Latest Action: 04/17/2008 - Voted Do Pass S Commerce, Energy and the Environment Committee Bill Text SB 1161 - This act allows for low interest loans through the linked deposit loan program for eligible alternative energy operations, which are businesses that generate energy from renewable resources including solar, hydroelectric, and wind. This act is similar to SB 699 (2007). ERIKA JAQUES HB2188 - HB2188 - Creates civil and criminal penalties for mortgage fraud and imposes sanctions upon certain licensed professionals and unlicensed individuals who commit the crime
Latest Action: 05/29/2008 - Signed by House Speaker Bill Text HB 2188 - MORTGAGE FRAUD - Pearce, David Creates civil and criminal penalties for individuals committing mortgage fraud and imposes sanctions upon certain licensed and unlicensed persons who commit the crime Latest Action: 02/28/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 2096 - CONSUMER CREDIT PROTECTION - Cox, Stanley Changes the laws regarding consumer credit protection HB1985 - HB 1985 - PREPAYMENT OF LOANS - Oxford, Jeanette Mott
Latest Action: 02/28/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1985 - PREPAYMENT OF LOANS - Oxford, Jeanette Mott Prohibits lenders from imposing a fine, fee, or penalty for prepaying a loan and repeals the provision allowing a prepayment fee to be charged on second mortgage loans Latest Action: 02/28/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1964 - IDENTITY THEFT PREVENTION ACT - LeVota, Paul Establishes the Identity Theft Prevention Act which specifies the procedures for a person to place a security freeze on his or her consumer report Latest Action: 03/11/2008 - Public Hearing Completed (H) Bill Text HB 1885 - USE OF AN INSTITUTION'S NAME - Yates, Brian David Allows the Attorney General to bring a cause of action for unlawful merchandising practices when a financial institution's name is deceptively used Latest Action: 04/28/2008 - Rules - Executive Session Completed (H) Bill Text HB 1809 - IDENTITY THEFT PREVENTION ACT - Ruzicka, Don Establishes the Identity Theft Prevention Act which specifies the procedures for a person to place a security freeze on his or her consumer report Latest Action: 04/03/2008 - Referred: Crime Prevention and Public Safety (H) Bill Text HB 1817 - SECURITIES PROTECTION - Zweifel, Clint Changes the process for registering securities Latest Action: 04/29/2008 - Public Hearing Scheduled, Bill not Heard (H) Bill Text HB 1818 - SECURITIES REGULATION - Zweifel, Clint Revises the definition of "security" in the laws regulating securities so that the sale of variable annuities will be governed by the Secretary of State Latest Action: 04/03/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1843 - UNSECURED LOAN BUSINESSES - Low, Beth Requires payday loan lenders to conspicuously display in the lobby a brochure detailing the eligibility requirements for the Missouri Food Stamp Program Latest Action: 05/05/2008 - Public Hearing Scheduled (S) Bill Text HB 1756 - COUNTERFEITING - Walton, Juanita Head Changes the punishment for counterfeiting and requires the forfeiture of counterfeit goods, the materials and implements used to produce them, and the property used in the commission of the crime SB999 - SB999 - Allows the Attorney General to bring an action for unlawful merchandising practices when the name of a financial institution is deceptively used
Latest Action: 05/29/2008 - Reported Duly Enrolled S Rules Committee Bill Text SB 999 - Under current law, only the financial institution whose name is deceptively used may bring a civil action. This act allows the Attorney General to bring an action for unlawful merchandising practices when such a deceptive use occurs. This act is identical to HB 500 (2007). CHRIS HOGERTY Latest Action: 02/28/2008 - Referred: Crime Prevention and Public Safety (H) Bill Text HB 1746 - IDENTITY THEFT - Lampe, Sara Changes the laws regarding identity theft Latest Action: 04/03/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1749 - UNSECURED LOANS - Lampe, Sara Requires lenders of unsecured loans of less than $500, commonly referred to as payday loans, to notify borrowers of the balance owed every three months Latest Action: 04/09/2008 - Public Hearing Completed (H) Bill Text HB 1685 - FINANCIAL INFORMATION ON INTERNET - Nolte, Jerry Prohibits the display or posting of financial information on the Internet if consent was not obtained by the individual or entity HB1667 - HB 1667 - MISSOURI HOMEOWNERS' PROTECTION ACT - Harris, Jeff
Latest Action: 04/10/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1667 - MISSOURI HOMEOWNERS' PROTECTION ACT - Harris, Jeff Establishes the Missouri Homeowners' Protection Act relating to residential mortgage brokers SB951 - SB951 - Modifies the law relating to emergency response within financial institutions
Latest Action: 05/29/2008 - Reported Duly Enrolled S Rules Committee Bill Text SCS/SB 951 - Under the act, in a state of emergency, the Governor shall authorized the Director of Finance and the Director of Credit Unions to suspend laws and rules applicable to the division that are reasonable and necessary to safeguard the soundness of financial institutions and coordinate emergency response with financial institutions and emergency responders. The respective directors shall file written waivers, suspensions, actions, and directives in the office of the Director of Finance. Under current law, banks and trust companies may operate under emergency bylaws in certain circumstances . This act allows banks and trust companies to do the same when the legislature or governor declares a state of emergency. On such occasion, the board of directors or president of the financial institution shall notify the director of finance of the implementation of emergency bylaws and the status of its emergency response operations. CHRIS HOGERTY HB1635 - HB 1635 - PROTECTION OF PERSONAL INFORMATION - Wildberger, Edward
Latest Action: 04/10/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1635 - PROTECTION OF PERSONAL INFORMATION - Wildberger, Edward Changes the laws regarding the release of personal information to unauthorized persons HB1618 - HB 1618 - CONSUMER REPORT SECURITY FREEZE ACT - Jones, Kenny
Latest Action: 02/13/2008 - Public Hearing Completed (H) Bill Text HB 1618 - CONSUMER REPORT SECURITY FREEZE ACT - Jones, Kenny Establishes the Missouri Consumer Report Security Freeze Act which allows a consumer to place a freeze on his or her consumer report HB1461 - HB 1461 - UNIFORM DEBT-MANAGEMENT SERVICES ACT - Burnett, John P.
Latest Action: 04/10/2008 - Referred: Judiciary (H) Bill Text HB 1461 - UNIFORM DEBT-MANAGEMENT SERVICES ACT - Burnett, John P. Establishes the Uniform Debt-Management Services Act to regulate debt-management services Latest Action: 02/28/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1462 - PAYDAY LOANS - Burnett, John P. Changes the laws regarding unsecured loans of $500 or less, sometimes referred to as payday loans, and allows the Attorney General to maintain an action to enforce compliance HB1385 - HB 1385 - CONSUMER REPORT SECURITY FREEZE ACT - Cox, Stanley
Latest Action: 02/13/2008 - Public Hearing Completed (H) Bill Text HB 1385 - CONSUMER REPORT SECURITY FREEZE ACT - Cox, Stanley Establishes the Consumer Report Security Freeze Act Latest Action: 03/05/2008 - Public Hearing Completed (H) Bill Text HB 1394 - MONEY TRANSMISSIONS - Dusenberg, Gary Requires a person engaging in the business of transferring funds to foreign countries to receive proof of United States citizenship or lawful presence from the person or entity using the service Latest Action: 02/28/2008 - Referred: Special Committee on Financial Institutions (H) Bill Text HB 1301 - PAYDAY LOANS - Whorton, James Changes the laws regarding unsecured loans of $500 or less, sometimes referred to as "payday loans," and allows the Attorney General to maintain an action to enforce compliance Latest Action: 01/10/2008 - Second Read and Referred S Judiciary and Civil & Criminal Jurisprudence Committee Bill Text SB 727 - This act criminalizes the act of committing residential mortgage fraud with the intent to defraud. An individual commits the crime by engaging in the following practices: • Knowingly making a misrepresentation or omission during the mortgage lending process. • Knowingly using or facilitating the use of a misrepresentation or omission during the mortgage lending process. • Reaping any benefit from the making, using, or facilitating the use of such misrepresentation or omission. • Filing or causing to be filed any document in connection with a mortgage containing a deliberate misstatement, misrepresentation, or omission. Those in violation are guilty of a class D felony. Those who engage in a pattern of this type of fraud are guilty of a class B felony. This act is similar to SB 560 (2007). CHRIS HOGERTY SB744 - SB744 - Amends laws relating to unsecured loans of $500 or less
Latest Action: 01/10/2008 - Second Read and Referred S Financial & Governmental Organizations and Elections Committee Bill Text SB 744 - This act amends the law relating to unsecured loans of $500 or less. Under current law, lenders may renew such loans upon the borrower's request. This act prohibits lenders from renewing such loans. Under current law, the director of the Division of Finance may issue a cease and desist order when lenders fail to make a good faith effort to comply with laws relating to consumer loans. This act allows the attorney general to do the same. The Attorney General may also file an action in any circuit court to enjoin the practice; impose a civil penalty; or to obtain an order of rescission, restitution, or disgorgement. Under the act, a lender may only charge interest and fees up to the amount of $15 per $100 of principal for the first 30 days of the loan, and not more than 3% per month thereafter, which is an annual percentage rate of approximately 36%. Under current law, the Division of Finance must report to the general assembly, the number of licenses issued under this [...] show full description |
 Bill Categories in Missouri
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