Bill Text | History of Actions | Amendments | Background | Title |
Description: Mortgage companies; provide for licensure of by Department of Banking.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 02/21/00 | (S) | Referred To Business and Financial Institutions | |
| 2 | 02/24/00 | (S) | Title Suff Do Pass Comm Sub | |
| 3 | 03/15/00 | (S) | Committee Substitute Adopted | |
| 4 | 03/15/00 | (S) | Amended | |
| 5 | 03/15/00 | (S) | Passed As Amended | |
| 6 | 03/15/00 | (S) | Motion to Reconsider Entered | |
| 7 | 03/16/00 | (S) | Motion to Reconsider Tabled | |
| 8 | 03/17/00 | (S) | Transmitted To House | |
| 9 | 03/20/00 | (H) | Referred To Banks and Banking | |
| 10 | 04/04/00 | (H) | Title Suff Do Pass As Amended | |
| 11 | 04/05/00 | (H) | Tabled Subject To Call | |
| 12 | 04/07/00 | (H) | Amended | |
| 13 | 04/07/00 | (H) | Passed As Amended | |
| 14 | 04/11/00 | (H) | Returned For Concurrence | |
| 15 | 04/13/00 | (S) | Decline to Concur/Invite Conf | |
| 16 | 04/20/00 | (S) | Conferees Named Mettetal,Hewes,Michel | |
| 17 | 04/25/00 | (H) | Conferees Named Guice,Howell,Rotenberry | |
| 18 | 04/29/00 | (H) | Conference Report Filed | |
| 19 | 04/29/00 | (S) | Conference Report Filed | |
| 20 | 05/01/00 | (H) | Recommitted For Further Conf | |
| 21 | 05/01/00 | (S) | Recommitted For Further Conf | |
| 22 | 05/01/00 | (S) | Conferees Named Mettetal,Hewes,Michel | |
| 23 | 05/01/00 | (H) | Conference Report Filed | |
| 24 | 05/01/00 | (S) | Conference Report Filed | |
| 25 | 05/02/00 | (S) | Conference Report Adopted | |
| 26 | 05/02/00 | (H) | Conference Report Adopted | |
| 27 | 05/05/00 | (S) | Enrolled Bill Signed | |
| 28 | 05/05/00 | (H) | Enrolled Bill Signed | |
| 29 | 05/22/00 | Approved by Governor |
| Adopted | [S] | Amendment No 1 (Cmte Sub) |
| Adopted | [H] | Amendment No 1 |
| Adopted | [H] | Amendment No 1 to Amendment No 1 |
| Effective date | July 1, 2000 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes | |
| Chapter number | 579 |
Senate Committee:
House Committee:
Principal Author: Mettetal
Additional Author: Hewes
Code Section: A 081-0019-0007
Title: AN ACT RELATING TO MORTGAGE COMPANIES; TO PROVIDE FOR THE LICENSING OF MORTGAGE COMPANIES BY THE DEPARTMENT OF BANKING AND CONSUMER FINANCE; TO PROVIDE FOR EXEMPTIONS FROM LICENSURE; TO ESTABLISH PROCEDURES AND CRITERIA FOR APPLICANTS TO BECOME LICENSED; TO ESTABLISH LICENSE RENEWAL PROCEDURES AND CRITERIA; TO REQUIRE NOTIFICATION OF CERTAIN ACTIONS AND ACTIVITIES BY THE LICENSEE; TO PROVIDE FOR THE MAINTENANCE AND INVESTIGATION OF BUSINESS RECORDS; TO REQUIRE A BIENNIAL INVESTIGATION OF BUSINESS RECORDS; TO PROHIBIT CERTAIN CONDUCT BY LICENSEES; TO PROVIDE FOR THE DENIAL, SUSPENSION AND REVOCATION OF LICENSES; TO PROVIDE FOR THE PROMULGATION OF RULES AND REGULATIONS BY THE DEPARTMENT; TO PROVIDE FOR ENFORCEMENT OF THIS ACT; TO PRESCRIBE PENALTIES FOR VIOLATIONS OF THIS ACT; TO AMEND SECTION 81-19-7, MISSISSIPPI CODE OF 1972, TO EXEMPT LICENSEES UNDER THIS ACT FROM THE CONSUMER LOAN BROKER ACT; AND FOR RELATED PURPOSES.
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