- Missouri regulates foreclosure consultants under its Merchandising Practices Act Missouri Revised Statutes 407.935-940
- The State:
- Prohibits up front fees; Prohibits consultants from taking security in the property; Prohibits loan consultants from receiving consideration from any interested 3rd party; Prohibits foreclosure consultants from taking interest in a residence from an owner with whom the foreclosure consultant has contracted
- Caps fees at 10% of the loan value
- Voids waivers of rights clauses in contracts
- Provides for civil and criminal (class A misd) remedies against violations
- Licensed attorneys are excluded from the definition of foreclosure consultant
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