History of Actions | Background | Title |
Description: Deeds of trust; revise when securing lines of credit.
| 1 | 01/19/98 | (S) | Referred To Business and Financial Institutions;Judiciary | |
| 2 | 02/03/98 | (S) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committees:
Principal Author: Farris
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
1998/History/SB\SB2801.htm