Establishes the "Uniform Mortgage Modification Act"

This bill amends several chapters of Missouri law regarding real estate transactions, adding new sections with penalty provisions. It clarifies that when an insurer pays a property damage claim, legal title to that portion of the claim transfers to the insurer, and prohibits insured parties from assigning their policy rights or benefits. The bill also requires "wholesalers" of residential real property to provide specific disclosures to homeowners before entering into contracts and establishes the "Missouri Residential Sale Leaseback Protection Act" to protect sellers in such transactions. Finally, it introduces the "Uniform Mortgage Modification Act" to govern changes to mortgage agreements.

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