Prohibits institutional investors from purchasing residential property in Missouri.
Missouri HB2077 prohibits institutional investors from purchasing residential property. The bill defines compliance reporting standards, establishes verification and audit procedures for institutional ownership, and develops guidelines for the resale of divested homes to individual and community-based buyers. Institutional investors must divest ownership in covered residential properties within three years and submit a divestment plan to the Department of Economic Development.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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