Missouri Revised Statutes













Chapter 443

Mortgages, Deeds of Trust and Mortgage Brokers

←443.451

Section 443.453.1

443.454→

August 28, 2015

Financial institutions to pay property tax, how.

443.453. Financial institutions, as defined in section 381.410, which are

mortgage servicers, shall pay property tax obligations which they service

from escrow accounts, as defined in Title 24, Part 3500, Section 17, Code of

Federal Regulations, in one annual payment before the first day of January of

the year following the year for which the tax is levied. Escrow accounts

established between such financial institutions and borrowers are

contractually binding and may disallow the payment of property taxes more

than once a year as such payments are authorized in section 139.053.



(L. 1999 S.B. 386 § 408.620)







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