Summary of the Perfected Version of the Bill

HB 1291 -- HOMEOWNERS' INSURANCE (Pearce)

This bill prohibits a lender of a residential mortgage from
requiring a borrower to purchase homeowners' insurance coverage
in an amount exceeding the replacement value of the home and its
contents.

FISCAL NOTE:  No impact on state funds in FY 2005, FY 2006, and
FY 2007.

Copyright (c) Missouri House of Representatives

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Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am