HB 2636 Missouri House · 2026 Regular Session

Establishes the "Uniform Mortgage Modification Act"

This bill establishes a uniform process for modifying residential mortgages, allowing changes like adjusting interest rates, extending repayment terms, or forgiving principal without affecting the mortgage's priority or requiring public recording. It covers specific modifications such as interest rate adjustments based on recognized indexes, payment schedule changes, or reductions in debt, while explicitly excluding changes to property encumbrances or mortgage transfers. The law ensures these modifications remain valid and enforceable without needing to be recorded in land records, preserving the mortgage's existing position relative to other claims. It applies to all covered modifications regardless of when the mortgage was created, streamlining the process for homeowners and lenders.

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

May 2026

House Passage

May 2026

Senate Passage

May 2026

Signed into Law

Jul 2026

Introduced Jan 2, 2026 Signed Jul 9, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Senate Substitute (Senate Floor Substitute) → Perfected · 5 edits

MODERATE

The bill was amended to remove the 'Missouri Residential Sale Leaseback Protection Act' and replace it with the 'Uniform Mortgage Modification Act'. This shifts the focus from protecting homeowners in sale-leaseback transactions to regulating how lenders modify mortgage terms to help borrowers avoid foreclosure.

Scope change

The bill's scope changed from regulating sale-leaseback transactions to regulating mortgage modifications, expanding the types of financial agreements covered under the new law.

SCOPE

Removed the 'Missouri Residential Sale Leaseback Protection Act' which previously required specific disclosures and waiting periods for sale-leaseback deals.

Added the 'Uniform Mortgage Modification Act' to establish rules for modifying mortgage terms.

DEFINITION

Introduced new legal definitions for terms like 'electronic', 'financial covenant', 'modification', and 'mortgage' to standardize how these concepts are understood under the law.

REQUIREMENT

Established that mortgage modifications do not change the priority of the loan or constitute a new agreement (novation), ensuring the original loan's standing remains intact.

Specified exactly what types of changes count as a modification, including extending payment dates, lowering interest rates, and forgiving debt.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 9, 2026

Signed into law

Approved by Governor (G)

lower

May 15, 2026

Lower · Passed

Truly Agreed To and Finally Passed - AYES: 144 NOES: 1 PRESENT: 0

lower

May 15, 2026

Introduced

House Adopts (H) - SS, as amended

lower

May 15, 2026

Lower · Passed

Reported Do Pass (H) - AYES: 7 NOES: 0 PRESENT: 0

lower

May 15, 2026

Lower · Passed

Voted Do Pass (H)

lower

May 14, 2026

Committee

Referred: Fiscal Review(H)

lower

May 14, 2026

Introduced

Reported to the House with... (H) - SS, as amended

lower

May 14, 2026

Upper · Passed

Third Read and Passed with Amendments (S) - SA 1 - AYES: 25 NOES: 5 PRESENT: 0

upper

May 14, 2026

Upper · Passed

SS Adopted (S)

upper

May 14, 2026

Introduced

SS Offered

lower

Apr 28, 2026

Upper · Passed

Reported Do Pass (S)

upper

Apr 21, 2026

Upper · Passed

Voted Do Pass (S)

upper

Apr 8, 2026

Committee

Second read and referred: Insurance and Banking(S)

upper

Mar 26, 2026

Lower · Passed

Third Read and Passed (H) - AYES: 145 NOES: 0 PRESENT: 0

lower

Feb 26, 2026

Lower · Passed

Reported Do Pass (H) - AYES: 12 NOES: 0 PRESENT: 0

lower

Feb 26, 2026

Lower · Passed

Voted Do Pass (H)

lower

Feb 18, 2026

Committee

Referred: Rules - Legislative(H)

lower

Feb 4, 2026

Lower · Passed

Reported Do Pass (H) - AYES: 13 NOES: 0 PRESENT: 0

lower

Feb 4, 2026

Lower · Passed

Voted Do Pass (H)

lower

Jan 15, 2026

Committee

Referred: Financial Institutions(H)

lower

Jan 2, 2026

Introduced

Prefiled (H)

lower

1 primary · 0 co-sponsors