The bill amends chapter 441 of the Revised Statutes of Missouri by adding a new section, 441.007, which establishes regulations regarding rental application fees charged by landlords. It defines key terms such as "premises," "rental agreement," "rental application," "rental application fee," and "tenant." The bill stipulates that landlords may only charge a rental application fee if it is used to cover the costs of processing the application, and the fee cannot exceed fifteen dollars. Additionally, the bill mandates that if a landlord does not use the entire rental application fee for processing costs, they must return the remaining amount to the prospective tenant within twenty calendar days. It also requires landlords to provide a receipt for any rental application fee paid, with the option for the tenant to receive either an electronic or paper receipt based on their preference.

Statutes affected:
Introduced (5867H.01): 441.007