{"data":{"id":"us-mo/mo.-rev.-stat.-443.1003","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 443.1003","heading":"Definitions.","body":"As used in sections 443.1001 to 443.1007, the following terms mean:\n(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;\n(2) \"Department\" , the department of revenue;\n(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;\n(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;\n(5) \"First-time home buyer\" , an individual who:\n(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\n(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;\n(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;\n(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.","path":["Title XXIX - OWNERSHIP AND CONVEYANCE OF PROPERTY","Chapter 443 - Mortgages, Deeds of Trust and Mortgage Brokers"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=443.1003","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:28Z","sha256":"1b843ac14183c94b153b073315eb33eac74369627ade76e4b9a8c4ec5baba6b3","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-443.1001","next":"us-mo/mo.-rev.-stat.-443.1004"},"notice":"GroundRules: Original legal text. Not legal advice."}