Mo. Rev. Stat. § 442.920: Citation of law — definitions — sale leaseback transactions, disclosure form, requirements.

1. This section shall be known and may be cited as the "Missouri Residential Sale Leaseback Protection Act".

2. For purposes of this section, the following terms mean:

(1) "Buyer" , any person or entity that acquires an ownership interest in residential real estate in a sale leaseback transaction;

(2) "Residential real estate" , real property that is improved by a building or other structure that has one to four dwelling units;

(3) "Sale leaseback" , 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 reoccupy the property;

(4) "Seller" , any natural person who transfers an ownership interest in residential real estate in a sale leaseback transaction.

3. (1) In any sale leaseback transaction, the buyer shall provide the seller with the following disclosure on a single page in a clear and conspicuous manner, printed in boldface type:

If you sign a sale leaseback agreement, you are entering into a contract to sell your home. This means you will no longer own your home.

You may be subject to eviction if you do not follow the lease terms.

You may lose the right to buy back your home.

This may affect your credit, taxes, and legal rights.

You are encouraged to speak with:

(1) An attorney;

(2) A real estate agent;

(3) A housing counselor;

(4) A tax advisor; and

(5) A real estate appraiser.

No sale leaseback can be closed for at least thirty (30) days after signing an agreement.

Do not sign unless you fully understand the terms.

(2) The disclosure required by subdivision (1) of this subsection shall be provided to the seller not less than fourteen calendar days prior to execution of any sale leaseback agreement, and the disclosures shall be signed by both the seller and the buyer concurrently with the execution of the sale leaseback agreement.

(3) A copy of the signed disclosure required by subdivision (1) of this subsection shall be provided to the seller within five days of the execution of the sale leaseback agreement.

4. There shall be no delivery, recording, or other transfer of title from seller to buyer until thirty days after the execution of any sale leaseback agreement.

5. (1) Any violation of the provisions of this section shall be subject to a civil penalty not to exceed ten thousand dollars per violation.

(2) The attorney general may bring an action to enforce this section, including actions for injunctive relief, civil penalties, and restitution.

(3) Any seller harmed by a violation of this section may bring a civil action to recover:

(a) Actual damages;

(b) Statutory damages of ten thousand dollars, which shall be in addition to any actual damages proven;

(c) Attorneys' fees and costs; and

(d) Equitable or injunctive relief.

6. No provision of this section shall be modified or waived by any agreement. Any portion of an agreement that is executed, modified, or extended after August 28, 2026, that modifies or waives a duty or remedy under this section is void ab initio and unenforceable.