Modifies the definition of "certified funds" for purposes of a statute regulating the use of certain funds by real estate settlement agents and title insurance agents

HB 1257 updates the legal definition of "certified funds" for Missouri real estate settlement agents and title insurance agents. It explicitly includes digital payments like real-time systems (RTP, Fed Now), wire transfers, and cashier's checks as "certified funds," replacing outdated language. This change directly affects settlement agents handling real estate closing funds in Missouri, ensuring they can accept modern payment methods under existing regulations. The bill clarifies that funds must be received and confirmed by the agent's financial institution before being considered compliant.