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Bill > SB836


MO SB836

MO SB836
Modifies the definition of "certified funds" for purposes of a statute regulating the use of certain funds by real estate settlement agents and title insurance agents


summary

Introduced
01/03/2024
In Committee
01/11/2024
Crossed Over
Passed
Dead
05/17/2024

Introduced Session

2024 Regular Session

Bill Summary

Modifies the definition of "certified funds" for purposes of a statute regulating the use of certain funds by real estate settlement agents and title insurance agents

AI Summary

This bill modifies the definition of "certified funds" for the purpose of a statute regulating the use of certain funds by real estate settlement agents and title insurance agents. The bill adds new types of funds that are considered "certified funds," including those conveyed by a real-time payment system, such as RTP and Fed Now, and funds for which the settlement agent receives written advice from a financial institution that the funds have been credited to the settlement agent's account.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

SCS Voted Do Pass S Insurance and Banking Committee (4093S.02C) (on 02/06/2024)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Banking System and Financial Institution Regulation and Reform
Community Development and Housing Issues
  • ‐ Housing and Real Estate Finance

bill text


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