Escrow & Title
In Missouri, 'prorations' at closing are calculated using a:
A360-day year (12 months of 30 days each) or 365-day year, as specified in the contract✓ Correct
BAlways a 365-day year
CAlways a 360-day year
DCalendar based on the buyer's lender
Explanation
Missouri real estate contracts may specify either a 360-day year (banker's year, 12 months of 30 days) or a 365-day year for proration calculations. The contract terms control which method is used.
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