Missouri § 443.906 Reverse mortgage may be made regardless of certain other transactions.

Missouri Statutes

§ 443.906 — Reverse mortgage may be made regardless of certain other transactions.

Missouri § 443.906

Title XXIXOWNERSHIP AND CONVEYANCE OF PROPERTY

Ch. 443Mortgages, Deeds of Trust and Mortgage Brokers

This text of Missouri § 443.906 (Reverse mortgage may be made regardless of certain other transactions.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 443.906 (2026).

Text

Reverse mortgage loans may be made or acquired without regard to the following provisions for other types of mortgage transactions:

(1)Limitations on the purpose and use of future advances or any other mortgage proceeds;

(2)Limitations on future advances to a term of years, or limitations on the term of credit line advances;

(3)Limitations on the term during which future advances take priority over intervening advances;

(4)Requirements that a maximum mortgage amount be stated in the mortgage;

(5)Prohibitions on balloon payments;

(6)Prohibitions on compound interest;

(7)Interest rate limits under the usury statutes;

(8)Requirements that a percentage of the loan proceeds must be advanced prior to loan assignment.

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Reverse mortgage loans may be made or acquired without regard to the following provisions for other types of mortgage transactions:

(1) Limitations on the purpose and use of future advances or any other mortgage proceeds;

(2) Limitations on future advances to a term of years, or limitations on the term of credit line advances;

(3) Limitations on the term during which future advances take priority over intervening advances;

(4) Requirements that a maximum mortgage amount be stated in the mortgage;

(5) Prohibitions on balloon payments;

(6) Prohibitions on compound interest;

(7) Interest rate limits under the usury statutes;

(8) Requirements that a percentage of the loan proceeds must be advanced prior to loan assignment.

Legislative History

(L. 1995 H.B. 63, et al. § 3)

Nearby Sections

15

§ 443.005

Security instrument defined.

§ 443.010

Mortgage, assumption of upon purchase not construed to extend mortgage to other lands, when.

§ 443.020

Claim of such extension barred, when.

§ 443.030

Prior acknowledgment of deed of trust deemed valid.

§ 443.035

Recording of instrument required — failure to record, effect on persons subsequently obtaining interest or lien.

§ 443.055

Future advances may be secured, how — definitions — requirements — limitations — priorities — termination procedure, exceptions.

§ 443.060

Acknowledgment of satisfaction and release, how made.

§ 443.070

Affidavit required with deed of release, when — penalty for failure.

§ 443.080

Satisfaction of mortgage, deed of trust or security instrument of railroad or utility, when entered.

§ 443.090

Part of property may be released, how.

§ 443.100

Payment of one or more notes, how cancelled — memorandum on record — affidavit required, content, to be presented to recorder.

§ 443.1001

Citation of law.

§ 443.1003

Definitions.

§ 443.1004

Designation of first-time home buyer savings account, use of — qualified beneficiary — limitations on accounts — service fee.

§ 443.1005

Use of account moneys — withdrawals, subject to recapture, when, penalties — death of account holder, effect of.

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Bluebook (online)

Missouri § 443.906, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/443/443.906.