Section 443.453 Financial institutions to pay property tax, how.

MO Rev Stat § 443.453 (2019) (N/A)

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Effective 28 Aug 1999

443.453. Financial institutions to pay property tax, how. — Financial institutions, as defined in section 381.410, which are mortgage servicers, shall pay property tax obligations which they service from escrow accounts, as defined in Title 24, Part 3500, Section 17, Code of Federal Regulations, in one annual payment before the first day of January of the year following the year for which the tax is levied. Escrow accounts established between such financial institutions and borrowers are contractually binding and may disallow the payment of property taxes more than once a year as such payments are authorized in section 139.053.

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(L. 1999 S.B. 386 § 408.620)

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Section 443.451 Mortgage or deed of trust securing payment of bonds issued by interstate gas pipeline company or public utility, filing in office of secretary of state — notice — lien — refiling, effect — satisfaction, release, or cancellation, duties of secretary of state — fee — not to affect instruments filed prior to effective date of section.

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Section 443.454 Enforcement and servicing of real estate loans, federal and state law preemption.

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