A word about mortgages is in order before we get to the statute. The typical home mortgage comprises two closely related transactions. The first is a contract between the borrower and the lender under.
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The Missouri Department of Insurance, Financial Institutions, and Professional Registration (the "Department") recently rescinded the prior mortgage broker rules and adopted new mortgage broker and loan originator rules, effective November 14, 2010, which implement the Missouri Secure and Fair Enforcement for Mortgage Licensing and Residential Mortgage Brokers Licensing Act (the.
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