Mo. Rev. Stat. § 443.1003: Definitions.

As used in sections 443.1001 to 443.1007, the following terms mean:

(1) "Account holder" , an individual who establishes an account with a financial institution that is designated as a first-time home buyer savings account in accordance with section 443.1004;

(2) "Department" , the department of revenue;

(3) "Eligible expenses" , a down payment and any closing costs included on a real estate settlement statement including, but not limited to, appraisal fees, mortgage origination fees, and inspection fees;

(4) "Financial institution" , any state bank, state trust company, savings and loan association, federally chartered credit union doing business in this state, credit union chartered by the state of Missouri, national bank, broker-dealer, mutual fund, insurance company, or other similar financial entity qualified to do business in this state;

(5) "First-time home buyer" , an individual who:

(a) Has never owned or purchased under contract for deed, either individually or jointly, a single-family, owner-occupied primary residence including, but not limited to, a condominium unit or a manufactured or mobile home that was assessed and taxed as real property; or

(b) As a result of the individual's dissolution of marriage, has not been listed on a property title for at least three consecutive years;

(6) "First-time home buyer savings account" or "account" , an account with a financial institution designated as such in accordance with subsection 1 of section 443.1004;

(7) "Qualified beneficiary" , a first-time home buyer designated by an account holder for whose eligible expenses the moneys in a first-time home buyer savings account are or will be used.