Residential Mortgage Board

PO Box 716
Jefferson City, MO 65102

Phone: (573)-751-3242
Fax: (573)-751-9192

Email: Carol.Griffith@dof.mo.gov
Website: http://finance.mo.gov/

Director: Mick Campbell - Commissioner of Finance

Details on Board or Commission

Authority: RSMo 443.816

Department: Commerce and Insurance

Mission:

Function: The Board must review and approve regulations proposed by the Commissioner of Finance with respect to mortgage loan originators and mortgage brokering. The Board also hears appeals from orders denying or revoking a mortgage loan originator or broker’s license issued by the Commissioner.

SubCommittees: None

Details on Meetings

Number of meetings: As needed

Location of meetings: Meetings are typically held in Jefferson City, but the Board may meet at any place within Missouri.

Duration of meetings: 1-3 hours

Preparation time for meetings:

Total time commitment: Less than five hours annually

Details on Members

Total members: 5

Appointed members: 5

Term length: 3 years

Compensation: Board members receive $100 per day and their necessary traveling and other expenses while engaged in the performance of their duties.

Member Requirements: One member must be an attorney and a member of the Missouri Bar in good standing. Three members must be experienced in mortgage brokering; and one must have no financial interest in any mortgage brokering business.

Political Requirements: Not more than three members may be members of the same political party.

Geographic Requirements: No

Senate Consent Required: No