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SB1684 • 2026

Creates the "Missouri Residential Sale Leaseback Protection" act

Creates the "Missouri Residential Sale Leaseback Protection" act

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
McCreery, Tracy; House handler: N/A
Last action
2026-04-16
Official status
Second Read and Referred S General Laws Committee
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-04-16 S1024

    Second Read and Referred S General Laws Committee

  2. 2026-02-19 S412

    S First Read

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1684 - This act creates the "Missouri Residential Sale Leaseback Protection" act, which regulates sale leasebacks. A sale leaseback is defined as a transaction or series of transactions in which a seller sells residential real estate that is or was the seller's residence to another party and, as a condition of the sale, or as part of the same or a related transaction, enters into a lease or rental agreement to remain in or re-occupy the property.

In any sale leaseback transaction, a buyer is required to provide the seller with certain disclosures, described in detail in the act, alerting the seller of the nature of the transaction and advising them of certain actions they may wish to take. The disclosure must be provided to the seller not more than 10 days and not less than 3 business days before the execution of any sale leaseback agreement, and the disclosure shall be signed by both the seller and the buyer concurrently with the execution of the sale leaseback agreement.

A seller who is party to a sale leaseback agreement has the right to cancel any such agreement prior to the transfer of title, but in no event earlier than thirty days after execution of the sale leaseback agreement, without penalty.

Violation of this act is subject to a fine of up to $10,000 per violation. The Attorney General is permitted to enforce this act by bringing a cause of action seeking injunctive relief, civil penalties, and restitution. A seller is also permitted to bring a civil action if harmed by a violation of this act. A seller may recover actual damages, statutory damages up to $10,000, attorneys' fees and costs, and any equitable or injunctive relief.

This act may not be waived or modified by agreement of any party.
SCOTT SVAGERA