Bill > SB665

This bill proposes to prohibit corporations with net assets or value of $50 million or more from acquiring residential real estate in Missouri starting August 28, 2025. Under the proposed legislation, if a corporation, its affiliate, or subsidiary purchases residential property after this date, the Missouri Attorney General can file a lawsuit in circuit court. If the court finds that a corporation has violated the law, it will mandate the sale of the residential real estate within 90 days of the court's order. The bill specifically exempts banks and financial institutions from this restriction when they are issuing mortgages for residential property acquisition. The purpose appears to be limiting large corporate involvement in the residential real estate market, potentially to protect individual homebuyers and prevent corporate consolidation of housing stock.

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https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=3863003