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SB 1021MISSOURISession 2026State Billin committee

Missouri creates Consumer Licensing Fund and modifies Division of Finance licensing fees

Original title: Modifies provisions relating to the Division of Finance

Last action · March 10, 2026: Voted Do Pass S Insurance and Banking CommitteeSponsor: Sandy Crawford

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

SB 1021 establishes the to cover the operational costs of the using collected licensing fees, while changing regulatory terminology from registration to licensure for multiple financial industries and adjusting associated fee caps.

Why it matters

Regulated financial entities, including small loan companies and credit service organizations, face new licensing requirements, altered fee structures up to $5,000, and an increased registration statement fee of $1,000.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Division of Finance regulated entities

Entities such as small loan companies and credit service organizations must transition from registration to licensure and pay modified application fees up to $5,000.

Directly affected

Credit service organizations

Face an increase from $400 to $1,000 in the fee charged by the Division for filing a registration statement.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What happens to the money collected from licensing fees under SB 1021?

All license fees paid pursuant to the act are credited to the newly created , which is used for all costs incurred by the Director of the .

How do the licensing fees differ for smaller financial businesses?

Applicants who have not exceeded 100 active accounts at any point in the previous licensing year pay a licensing fee capped at $1,000, rather than the general cap of $5,000.

What else do you want to know?

News Coverage

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

5 actions

Mar 10, 2026SenateCommittee
Voted Do Pass S Insurance and Banking Committee
Mar 3, 2026Senate
Hearing Conducted S Insurance and Banking Committee
Jan 15, 2026SenateFloor
Second Read and Referred S Insurance and Banking Committee
Jan 7, 2026SenateIntroduced
S First Read
Dec 1, 2025Senate
Prefiled

Version history

Only one version on file - nothing to compare yet. The text on record is the 5067S.02I - Introduced version. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

Consumer Licensing Fund, Division of Finance

OrganizationConsumer Licensing Fund“New fund created to hold licensing fees and cover division administrative costs.”Map →

OrganizationDivision of Finance“Regulates financial entities and administers the Consumer Licensing Fund.”Map →

Sources

Open source document

www.senate.mo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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