Residential Mortgage Board
PO Box 716
Jefferson City, MO 65102
Phone: (573) 751-3242
Fax: (573) 751-9192
Email: ramona.tomka@dof.mo.gov
Website: http://finance.mo.gov/
Details on Board or Commission
Authority: RSMo 443.816
Department: Insurance, Financial Institutions and Professional Registration
Function:
The Residential Mortgage Board approves or disapproves regulations proposed by the Commissioner of Finance with respect to mortgage brokering and hear and determine any appeal from a denial or revocation of a mortgage broker license or decision of the Commissioner pertaining to mortgage brokering.
Subcommittees: none
Details on Meetings
Number of meetings: as needed
Location of meetings: Jefferson City. Pursuant to Section 443.816, the Board may meet at any place in this state.
Duration of meetings: as needed
Total time commitment: less than five hours
Details on Members
Total members: 5
Appointed members: 5
Term length: 3 years
Compensation: Members receive a per diem not to exceed $100 for each day devoted to the affairs of the board.
Member Requirements: One member must be an attorney and a member of the Missouri Bar in good standing. Three members must be experienced in mortgage brokering and one must have no financial interest in any mortgage brokering business.
Political Requirements: yes, not more than three members may be members of the same political party
Geographic Requirements: no
Senate Consent Required: No