History of Actions | Background | Title |
Description: Deeds of Trust; not automatically extinguished when credit line reaches a zero balance.
1 | 01/20/97 | (H) | Referred To Judiciary B | |
2 | 02/04/97 | (H) | Died In Committee |
Effective date | Passage | |
Disposition | Dead | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | No |
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.
End Of Document
1997/History/HB\HB1598.htm