Missouri Revised Statutes Title XXIX. Ownership and Conveyance of Property § 443.729. Supervision and enforcement--civil penalty

1. In order to ensure the effective supervision and enforcement of sections 443.701 to 443.893, the director may, under chapter 536:

2. Any letter issued by the director and declaring grounds for denying or declining to renew a license may be appealed to the board under chapter 536. All other matters presenting a contested case involving a licensee may be heard by the director under chapter 536.

3. The director may impose a civil penalty on a mortgage loan originator or person subject to sections 443.701 to 443.893, if the director finds, on the record after notice and opportunity for hearing, that such mortgage loan originator or person subject to sections 443.701 to 443.893 has violated or failed to comply with any requirement of sections 443.701 to 443.893 or any regulation prescribed by the director under sections 443.701 to 443.893 or order issued under authority of sections 443.701 to 443.893.

4. The maximum amount of penalty for each act or omission described in subsection 3 of this section shall be twenty-five thousand dollars.

5. Each violation or failure to comply with any directive or order of the director is a separate and distinct violation or failure.