Missouri § 379.1850 - Lender-placed insurance, applicability — exceptions.
Full text of Missouri Revised Statutes of Missouri § 379.1850 — Lender-placed insurance, applicability — exceptions., with citation guidance and answers to common questions.
§ 379.1850. Lender-placed insurance, applicability — exceptions.
1. Sections 379.1850 to 379.1869 shall apply to insurers and insurance producers engaged in any transaction involving lender-placed insurance, as defined in section 379.1851.
2. All lender-placed insurance written in connection with mortgaged real property, including manufactured homes and modular units, as defined in section 700.010, is subject to the provisions of sections 379.1850 to 379.1869, except:
(1) Transactions involving extensions of credit primarily for business, commercial, or agricultural purposes;
(2) Insurance offered by the lender or servicer and elected by the mortgagor at the mortgagor's option;
(3) Insurance purchased by a lender or servicer on real estate owned property;
(4) Insurance for which no specific charge is made to the mortgagor or the mortgagor's account.
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(L. 2023 S.B. 101)
---- end of effective 28 Aug 2023 ----
Frequently Asked Questions About Missouri § 379.1850
What does Revised Statutes of Missouri § 379.1850 cover?
Section 379.1850 ("Lender-placed insurance, applicability — exceptions.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 379.1850?
A common citation format is "Revised Statutes of Missouri § 379.1850" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 379.1850 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.