2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 381 Title Insurance Law
Section 381.024. Denial of access and failure to cooperate prohibited, penalty.
Denial of access and failure to cooperate prohibited, penalty.
381.024. 1. It is unlawful for any title agency or title agent not affiliated with an agency to unreasonably deny access or fail to cooperate with its underwriters in the title insurers' reviews of the agency's or agent's escrow, settlement, closing and security deposit accounts.
2. It is unlawful for any title agency or title agent not affiliated with an agency, appointed by two or more title insurers, to deny any of the title insurers access to the fiduciary trust accounts in connection with providing escrow or closing settlement services, and any or all of the supporting account information in order to ascertain the safety and security of the funds held by the title agency or title agent.
3. A violation of any provision under this section is a level two violation under section 374.049.
(L. 2007 S.B. 66)Effective 1-01-08
Annotation Copyright Missouri Joint Committee on Legislative Research
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