Mississippi Legislature

1997 Regular Session

House Bill 1025

[Introduced] [Passed House]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Casualty insurance; limit maximum coverage mortgage lender may require on secured property.

History of Actions:

101/13/97(H)Referred To Banks and Banking
201/22/97(H)Title Suff Do Pass
301/28/97(H)Passed
401/29/97(H)Transmitted To Senate
501/30/97(S)Referred To Business and Financial Institutions
603/04/97(S)Died In Committee

Background Information:

Effective dateJuly 1, 1997
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Senate Committee:

Principal Author: Davis (7th)

Title: AN ACT TO PROHIBIT MORTGAGE LENDERS FROM REQUIRING DEBTORS TO PROCURE INSURANCE FOR THE PROTECTION OF REAL PROPERTY IN AN AMOUNT THAT EXCEEDS THE REPLACEMENT COST OF STRUCTURES OR IMPROVEMENTS ON THE PROPERTY AT THE TIME OF THE LOAN OR EXTENSION OF CREDIT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/05/97 at 11:46.



End Of Document

1997/History/HB\HB1025.htm