Mississippi Legislature
2004 Regular Session

Senate Bill 3039

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Bill Text

History of Actions

Background

Title

Description: Mississippi Mortgage Consumer Protection Law; revise exemptions, examination fee, definition of "loan originator."

Bill Text: [Introduced]

History of Actions:

1 02/23 (S) Referred To Business and Financial Institutions
2 03/09 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2004
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Jordan

Additional Authors: Jackson (11th), Dawkins

Code Sections: A 081-0018-0003, A 081-0018-0005, A 081-0018-0015, A 081-0018-0021

Title: AN ACT TO AMEND SECTION 81-18-3, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "LOAN ORIGINATOR" AS USED IN THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO AMEND SECTION 81-18-5, MISSISSIPPI CODE OF 1972, TO REVISE THE EXEMPTIONS TO THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO AMEND SECTION 81-18-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT COURSES APPROVED BY THE MAGNOLIA MORTGAGE BROKERS AND EDUCATIONAL ASSOCIATION WILL BE ACCEPTABLE FOR CONTINUING EDUCATION REQUIREMENTS UNDER THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO REQUIRE THE COMMISSIONER TO APPROVE CONTINUING EDUCATION COURSES IN ADVANCE ON A CASE-BY-CASE BASIS; TO AMEND SECTION 81-18-21, MISSISSIPPI CODE OF 1972, TO REVISE THE AMOUNT OF THE EXAMINATION FEE THAT MAY BE CHARGED BY THE COMMISSIONER OF BANKING AND CONSUMER FINANCE FOR EXAMINING THE RECORDS OF A MORTGAGE COMPANY; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/09/04 at 17:46.

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