Mississippi Legislature

1997 Regular Session

House Bill 1598

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Deeds of Trust; not automatically extinguished when credit line reaches a zero balance.

History of Actions:

101/20/97(H)Referred To Judiciary B
202/04/97(H)Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Wells-Smith

Code Sections: A 089-0001-0049, A 089-0005-0021

Title: AN ACT TO AMEND SECTION 89-1-49, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT MORTGAGES AND DEEDS OF TRUST THAT SECURE LINES OF CREDIT SHALL NOT BE EXTINGUISHED UPON PAYMENT OF THE MONEY OWED; TO AMEND SECTION 89-5-21, MISSISSIPPI CODE OF 1972, TO SPECIFY WHEN SATISFACTION OF MORTGAGES OR DEEDS OF TRUST THAT SECURE LINES OF CREDIT SHALL BE ENTERED UPON THE RECORD; TO SPECIFY WHEN EXTINGUISHMENT OF MORTGAGES AND DEEDS OF TRUST THAT SECURE LINES OF CREDIT SHALL OCCUR; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/21/97 at 15:33.



End Of Document

1997/History/HB\HB1598.htm