We're an Illinois bank financing a home in MO. Our bank's attorney is an Illinois resident. He says he can be the trustee on a DOT in MO because he's licensed there. I'm reading Missouri Revised Statutes 443.350, and it says he must be a resident. I hate to get into an argument with our atty, but I think he's wrong.

Can anyone give me some evidence that being licensed across the river is adequate?

Why not ask him. Ask him if he can point out an exception to the rule.

That seemed to be our quickest option for resolution. We sent a copy of the statute. He responded "Your compliance officer is right."

But it may be that our loan department had misunderstood his previous communication, and so not his fault either.