Governor Parson Signs Three Bills Into Law

(JEFFERSON CITY, MO) – Today, Governor Mike Parson signed three bills into law.

HB 697 - Relating to Property Assessed Clean Energy (PACE) program:

Reforms the PACE program by strengthening consumer and business protections.

SB 106 - Financial Institutions:

Modernizes statutes related to the licensing and regulation of financial institutions in Missouri. Additionally, the bill allows the Division of Finance to approve certain mergers of financial institutions and aligns state law with the Universal Commercial Code requirements for electronic lending instruments.

HB 345 - Relating to Civil Actions:

Allows arbitration awards for personal injury and wrongful death claims to be enforced against an insurer only when the insurer has agreed to the arbitration agreement in writing.