Missouri SB920 prohibits certain business and investment entities from acquiring residential real estate in the state.
Missouri SB920 introduces new provisions to restrict the acquisition of residential real estate by specific business and investment entities. The bill defines "business entity" and "investment entity" and prohibits them from acquiring residential properties, with exceptions for entities regulated under state or federal banking or finance laws. The Attorney General can enforce these restrictions, and violators face civil penalties. The bill also mandates evaluations of the permit inspection process and its efficacy.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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