Missouri Laws 429.620 – Broker failing to file suit or answer in pending suit within thirty days ..
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Terms Used In Missouri Laws 429.620
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
If a broker claiming a lien pursuant to sections 429.600 to 429.627 fails to file a suit to enforce the lien or fails to file an answer in a pending suit to enforce a lien within thirty days after a properly served written demand of the owner, lienee or other authorized agent, the lien shall be extinguished. Service of such demand shall be by registered or certified mail, return receipt requested or by personal service. The provisions of this section shall not extend any other deadline provided by law for the filing of any pleadings or for the foreclosure of any lien governed by sections 429.600 to 429.627.