| Citation | Topic | Requirement |
| MO Secure and Fair Enforcement for Mortgage Licensing Act | Mo. Rev. Stat. Ann. §408.233(4) | Late Payment Fees - Second Lien Loans | 4. On any second mortgage loan, a default charge may be contracted for and received for any installment or minimum payment not paid in full within fifteen days of its scheduled due date equal to five percent of the amount or fifteen dollars, whichever is greater, not to exceed fifty dollars. A default charge may be collected only once on an installment or a payment due however long it remains in default. A default charge may be collected at the time it accrues or at any time thereafter and for purposes of subsection 3 of section 408.234 a default charge shall be treated as a payment. No default charge may be collected on an installment or a payment due which is paid in full within fifteen days of its scheduled due date even though an earlier installment or payment or a default charge on earlier installment or payments may not have been paid in full. |
| Debtor-Creditor Relations / Mo. Rev. Stat. Ann. §427.125(1) | Notice of Placement of Insurance | Within 30 calendar days following the placement of collateral protection coverage, the lender must mail to the borrower at his or her last known address a notice entitled “Notice of Placement of Insurance”. |
| Mo. Rev. Stat. Ann. §443.320 and Mo. Rev. Stat. Ann. §513.205 | Notice of Sale | The notice required by section 443.310 shall set forth the date and book and page of the record of such mortgages or deeds of trust, the grantors, the time, terms and place of sale, and a description of the property to be sold, and shall be given by advertisement, inserted for at least twenty times, and continued to the day of the sale, in some daily newspaper, in counties having cities of fifty thousand inhabitants or more, and in all other counties such notice shall be given by advertisement in some weekly newspaper published in such county for four successive issues, the last insertion to be not more than one week prior to the day of sale, or in some daily, triweekly or semiweekly paper published in such county at least once a week for four successive weeks. |
| Secure and Fair Enforcement for Mortgage Licensing Act / Mo. Rev. Stat. Ann. §443.410 | Redemption Rights Notice | All real estate sold under a power of sale may be redeemed at any time within 1 year from the date of the sale. The property may be redeemed by the grantor in the mortgage or deed of trust, or the grantor's heirs, devisees, executors, administrators, grantees or assigns. A person entitled to redeem must give written notice at the sale or within 10 days before the date advertised for the sale to the person making or who is to make the sale of the purpose to redeem if the sale and purchase are so made. |
| Secure and Fair Enforcement for Mortgage Licensing Act / Mo. Rev. Stat. Ann. §443.861 | Transfer of Servicing Notice | Whenever the servicing of a residential mortgage is transferred or sold by a residential mortgage loan broker, notice shall be given to the mortgagor simultaneously with such transfer and shall include, at the minimum, where and to whom to address the mortgagor's questions relating to the residential mortgage, the exact name, address and telephone number to whom at least the next three months' payments are to be submitted and the total amount required of the mortgagor by the servicer for each of the months referred to in the notice. |