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Bill

HB 2636

Establishes the "Uniform Mortgage Modification Act"

2026 Regular Session Introduced by Bill Owen

Missouri bill establishing uniform standards for mortgage loan modifications to streamline procedures and clarify borrower-lender obligations in loan restructuring.

Delivered to Governor
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Bill Summary · HB 2636

Legislative bill overview

HB 2636 would establish the Uniform Mortgage Modification Act in Missouri, creating standardized procedures and legal frameworks for modifying existing mortgage loans. The bill aims to harmonize mortgage modification practices across the state by adopting uniform standards, likely addressing loan restructuring, payment adjustments, and lender-borrower obligations.

Why is this important

Mortgage modifications directly affect homeowners facing financial hardship and lenders managing loan portfolios. Standardized procedures could reduce litigation, lower costs for both parties, and provide borrowers with clearer rights and timelines. Conversely, uniform standards may restrict flexibility in individual loan negotiations or create compliance burdens for smaller lenders.

Potential points of contention

  • Borrower protections vs. lender flexibility: Whether standardized modifications adequately protect struggling homeowners or impose excessive requirements on lenders willing to work with borrowers
  • Predatory lending safeguards: How the act prevents modifications that benefit lenders at borrowers' expense while allowing legitimate loan restructuring
  • Small lender impact: Whether uniform procedures create compliance costs that disproportionately burden community banks and credit unions compared to large institutional lenders

Compiled from official sources — confirm details with the bill’s official record.

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