Mississippi Legislature
2001 Regular Session

House Bill 1475

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Bill Text

History of Actions

Background

Title

Description: Mortgage companies; loan need not be for construction to be excluded from certain fee restrictions.

Bill Text: [Introduced]

History of Actions:

1 01/15 (H) Referred To Banks and Banking
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2001
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Guice

Code Section: A 081-0018-0027

Title: AN ACT TO AMEND SECTION 81-18-27, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT A LOAN MUST BE A CONSTRUCTION LOAN IN ORDER TO BE EXCLUDED FROM CERTAIN RESTRICTIONS ON THE MAXIMUM AMOUNT OF DIRECT PAYMENTS, COMPENSATION AND ADVANCE FEES WHICH A LICENSED MORTGAGE COMPANY MAY CHARGE A PROSPECTIVE BORROWER; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/01 at 18:20.

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