Section 379.1853 - Effective, when - terminates, when - charges, limitation on length of term1. Lender-placed insurance shall become effective no earlier than the date of lapse of insurance upon mortgaged real property subject to the terms of a mortgage agreement or any other state or federal law requiring the same.2. Individual lender-placed insurance shall terminate on the earliest of the following dates: (1) The date insurance that is acceptable under the mortgage agreement becomes effective, subject to the mortgagor providing sufficient evidence of such acceptable insurance;(2) The date the applicable real property no longer serves as collateral for a mortgage loan pursuant to a mortgage agreement;(3) Such other date as specified by the individual policy or certificate of insurance;(4) Such other date as specified by the lender or servicer; or(5) The termination date of the policy.3. An insurance charge shall not be made to a mortgagor for lender-placed insurance for a term longer than the scheduled term of the lender-placed insurance, nor shall an insurance charge be made to the mortgagor for lender-placed insurance before the effective date of the lender-placed insurance.Added by 2023 Mo. Laws, SB 101,s A, eff. 8/28/2023.