Bill > HB2423

This bill establishes a new "Consumer Licensing Fund" within the state treasury to hold various licensing fees collected by the Division of Finance, which will be used to cover the costs of administering laws assigned to the division, excluding those already designated for other specific funds. It also revises licensing requirements and fees for several types of financial businesses, including earned wage access services providers, financing institutions, premium finance companies, sales finance companies, consumer credit lenders, title loan companies, credit services organizations, and consumer legal funding companies, generally changing registration to licensure and updating fee structures and collection methods, with all collected license fees now directed to the new Consumer Licensing Fund instead of general revenue.

Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB2423&year=2026&code=R