Creates new provisions relating to mortgage modifications

Summary

The bill sets up the Missouri Residential Sale Leaseback Protection Act, forcing sellers to get clear disclosures before leasing back a home they sold, and adopts a Uniform Mortgage Modification Act that keeps a mortgage’s priority and security after it is changed. It is meant to safeguard homeowners and give lenders clear rules for loan modifications.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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