SB 489
Allows financial institutions to provide services to certain organizations
LR Number:
Last Action:
4/13/2021 - SCS Voted Do Pass S Insurance and Banking Committee (2352S.03C)
Journal Page:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SCS/SB 489 - This act allows any entity that operates as a facility licensed or certified under Article XIV, Section 1 of the Constitution of Missouri to request in writing that a state or local licensing authority or agency, including but not limited to the Department of Health and Senior Services or Department of Revenue, share the entity's application, license, or other regulatory and financial information with a banking institution. Such written request must include a waiver giving authorization for the transfer of the individualized data, information, or records and waiving any confidentiality or privilege that applies to that individualized data, information, or records. A state or local licensing authority or agency is permitted to share the entity's information with the banking institution's state and federal supervisory agencies as well.

This act is substantially similar to a provision in HCS/SS/SB 283 (2021).



No Amendments Found.