Missouri § 99.893 - Financial assistance may be provided by urban homesteading agency — loans to be secured by mortgage — right of assignment of mortgage.
Full text of Missouri Revised Statutes of Missouri § 99.893 — Financial assistance may be provided by urban homesteading agency — loans to be secured by mortgage — right of assignment of mortgage., with citation guidance and answers to common questions.
§ 99.893. Financial assistance may be provided by urban homesteading agency — loans to be secured by mortgage — right of assignment of mortgage.
1. An urban homesteading agency may provide financial assistance to urban homesteaders for the purchase and rehabilitation of, or construction on, urban homestead program property. Such financial assistance may be in the form of grants or loans for a municipal housing authority formed pursuant to this chapter, and in the form of loans for other urban homesteaders. All such loans, if made by the urban homesteading agency, shall be secured by a mortgage naming the municipality as the mortgagee, provided if any such loans are made from funds provided by the state or federal government or any other public or private entity, the state or federal government or the public or private agency may be the mortgagee, and provided further that a municipality may assign any such mortgage to another entity.
2. An urban homesteading agency may utilize federal, state or other public or private financial assistance, provided that any such assistance requiring local financial participation shall be first approved by the governing body of the municipality.
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(L. 1992 H.B. 1434 & 1490 § 7 subsecs. 1, 2)
---- end of effective 28 Aug 1992 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 99.893
What does Revised Statutes of Missouri § 99.893 cover?
Section 99.893 ("Financial assistance may be provided by urban homesteading agency — loans to be secured by mortgage — right of assignment of mortgage.") 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 § 99.893?
A common citation format is "Revised Statutes of Missouri § 99.893" (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 § 99.893 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.