The director may promulgate rules with respect to placement in escrow accounts by any residential mortgage loan broker of any money, funds, deposits, checks or drafts entrusted to the residential mortgage loan broker.
Mo. Rev. Stat. § 443.865
Escrow accounts, placement by brokers — authority for rules
Known as the Missouri Secure and Fair Enforcement for Mortgage Licensing Act
The act spans §§ 443–443 (128 sections).
Effective: 08 Jul 2009, see footnote; (L. 1994 S.B. 718 § 23, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.