Missouri Revised Statutes













Chapter 381

Title Insurance Law

←381.023

Section 381.024.1

381.025→

August 28, 2015

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







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