Creates new provisions relating to mortgage modifications

All text related to the 'Missouri Residential Sale Leaseback Protection Act' and its specific rules for sale-leaseback transactions were removed from the bill.

The bill was amended to apply only to Chapter 443 instead of Chapters 442 and 443, reflecting the removal of the sale-leaseback section.

The definition of 'Mortgage modification' was expanded to include changes to promissory notes, loan agreements, and credit agreements, not just the mortgage itself.

New definitions were added for 'Obligor' (the person who owes the debt) and 'Recognized index' (interest rate benchmarks), clarifying who the law protects and how rates are calculated.

The list of excluded modifications was updated to clarify that the law does not apply to changes in property, the borrower, or the transfer of the loan.

Added a new chapter (442.920) establishing the Missouri Residential Sale Leaseback Protection Act to regulate transactions where sellers sell their homes and lease them back.

Updated the bill's introductory text to reflect that it now amends two chapters and adds seven new sections instead of six.

Mandated a clear, boldface disclosure explaining the risks of sale-leaseback agreements, including potential eviction and loss of ownership, which must be provided 14 days before signing.

Established a mandatory 30-day waiting period between signing a sale-leaseback agreement and the transfer of property title.

Created civil penalties up to $10,000 per violation and allowed sellers to sue for actual damages, statutory damages, and attorney fees if the law is broken.

Added specific definitions for 'Buyer', 'Seller', and 'Sale leaseback' to clarify the new consumer protection provisions.