• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Politics / Govt / Nixon signs consumer mortgage protection bill

Nixon signs consumer mortgage protection bill

July 8, 2009 By admin Leave a Comment

Missouri consumers will be able to learn more about their mortgage broker under a bill signed into law by Governor Nixon.

Nixon says HB 382 goes beyond consumer protection and will help move the economy forward. The bill ties Missouri regulation into new federal mortgage regulations. Beginning July 31st of next year, mortgage brokers must register with the Nationwide Mortgage Licensing System and Registry , which will issue the broker a unique identifier that must be clearly displayed on all official paperwork. Nixon says that while the bill relies on new federal legislation, it leaves regulation at the state level.

The governor says such legislation should cut off problems in the industry before they develop. Nixon says that while parts of the nation have been rocked by significant problems in mortgages and while Missouri has had its fair share of foreclosures, no problems have arisen to undermine the housing market in Missouri.

Nixon says the bill also keeps regulation under state government, rather than hand it over to a federal bureaucracy that hasn’t been effective.

Download/listen Gov. Nixon signs HB382 (3 min MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt

Subscribe to our daily newsletter

Leave a Reply Cancel reply

Your email address will not be published.



Tweets by Missourinet

Sports

Larson’s return complete

Special to … [Read More...]

Pump the brakes on Mizzou hoops and don’t mess with Yadi (PODCAST)

The Bill … [Read More...]

Missouri well represented in college basketball tournaments as March Madness ramps up

Mizzou is … [Read More...]

Missouri State cruises into semis at Arch Madness

Third-seede … [Read More...]

Billikens never trail in topping UMass at A-10 tourney

Saint … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC