Bill > HB2235

This bill adds a new section to Missouri's Revised Statutes (RSMo) Chapter 443 that restricts the ability to obtain a loan using a quitclaim deed. Specifically, the bill prohibits a person from obtaining a loan with a quitclaim deed unless they are an original party to the warranty deed for the property or have legally obtained the property's title through a quiet title legal action. A quitclaim deed is a legal document that transfers property ownership without guaranteeing the quality of the title, which means the recipient receives whatever interest the original owner actually has in the property. A quiet title action is a legal procedure used to establish clear ownership of real estate when there might be competing claims or unclear title history. By implementing this provision, the bill aims to provide additional protection and clarity in property loan transactions by ensuring that only those with a direct and established connection to the property can use a quitclaim deed as part of a loan process.

https://house.mo.gov/Bill.aspx?bill=HB2235&year=2026&code=R