Title Agent Banking Requirements in Missouri
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Revision as of 07:48, 27 September 2019 by Davidjenkins (talk | contribs) (→Domiciliary Requirements)
Overview
Missouri banking requirements follow those in the majority of states.
Account Requirements
Funds must be kept in a separate fiduciary account or accounts in a qualified depository institution. Funds must be deposited by the close of the 2nd business day after receipt. Mo. Ann. Stat. § 381.022(2).
Domiciliary Requirements
Missouri does not require that escrow funds be held in a bank domiciled in Missouri. A national Escrow Account may be used.
