Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 200 - Insurance Solvency and Company Regulation
Chapter 13 - Real Estate
Section 20 CSR 200-13.200 - Mortgage Loans as Admissible Assets
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This rule effectuates or aids in the interpretation of sections 376.302 and 379.080.1(2)(f), RSMo.
(1) Definitions.
(2) All mortgage loans must be properly recorded.
(3) No second mortgage loan is acceptable for depository purposes.
(4) The following documents shall be maintained for each mortgage loan by all insurance companies holding mortgage loans as admissible assets:
(5) The provisions of 20 CSR 200-4.010 are applicable to each of the documents specified under the provisions of section (4) of this rule.
*Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008; 376.170, RSMo 1939, amended 2007; 376.302, RSMo 2007; and 379.080, RSMo 1939, amended 1943, 1947, 1963, 1977, 1981, 1982, 1985, 1987, 1989, 1992, 1993, 1997, 2002.