{"data":{"id":"us-mo/mo.-rev.-stat.-443.923","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 443.923","heading":"Effect of mortgage modification.","body":"1. For a mortgage modification described in subsection 2 of this section:\n(1) The mortgage continues to secure the obligation as modified;\n(2) The priority of the mortgage is not affected by the modification;\n(3) The mortgage retains its priority regardless of whether a record of the mortgage modification is recorded in the public land records; and\n(4) The modification is not a novation.\n2. Subsection 1 of this section applies to one or more of the following mortgage modifications:\n(1) An extension of the maturity date of an obligation;\n(2) A decrease in the interest rate of an obligation;\n(3) If the change does not result in an increase in the interest rate of an obligation as calculated on the date the modification becomes effective:\n(a) A change to a different index that is a recognized index if the previous index to which changes in the interest rate were linked is no longer available;\n(b) A change in the differential between the index and the interest rate;\n(c) A change from a floating or adjustable rate to a fixed rate; or\n(d) A change from a fixed rate to a floating or adjustable rate based on a recognized index;\n(4) A capitalization of unpaid interest or other unpaid monetary obligation;\n(5) A forgiveness, forbearance, or other reduction of principal, accrued interest, or other monetary obligation;\n(6) A modification of a requirement for maintaining an escrow or reserve account for payment of an obligation, including taxes and insurance premiums;\n(7) A modification of a requirement for acquiring or maintaining insurance;\n(8) A modification of an existing condition to advance funds;\n(9) A modification of a financial covenant; and\n(10) A modification of the payment amount or schedule resulting from another modification described in this subsection.\n3. The effect of a mortgage modification not described in subsection 2 of this section is governed by other law.","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=443.923","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:28Z","sha256":"0aee5371ce739d24a5355a86a80f7b4c587dea418ca0c34dd304f525de23ba63","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-443.922","next":"us-mo/mo.-rev.-stat.-443.924"},"notice":"GroundRules: Original legal text. Not legal advice."}