Missouri Laws 443.857 – Licensee shall maintain at least one full-service office with staff, duties ..
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Missouri Laws 443.857
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
Each residential mortgage loan broker shall maintain, in the state of Missouri, at least one full-service office with staff reasonably adequate to efficiently handle all matters relating to any proposed or existing home mortgage with respect to which such residential mortgage loan broker is performing services; except that, this provision may be waived by the director for persons providing mortgage loan servicing or exclusively engaged in the business of loan processing or underwriting as defined in this chapter.