Mississippi Legislature
2007 Regular Session

House Bill 229

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Bill Text

History of Actions

Background

Title

Description: Loan prepayment; prohibit charging penalty if paid with insurance funds for property loss from disaster.

Bill Text: [Introduced] [Passed House]

History of Actions:

1 01/02 (H) Referred To Banking and Financial Services
2 01/23 (H) Title Suff Do Pass
3 02/01 (H) Passed   {Vote}
4 02/02 (H) Transmitted To Senate
5 02/05 (S) Referred To Business and Financial Institutions
6 02/27 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Senate Committee:

Principal Author: Miles

Code Section: A 075-0017-0031

Title: AN ACT TO AMEND SECTION 75-17-31, MISSISSIPPI CODE OF 1972, TO PROHIBIT THE CHARGING OF A PENALTY FOR THE PREPAYMENT OF ANY LOAN SECURED BY REAL ESTATE IF THE LOAN IS PREPAID AT ANY TIME USING FUNDS RECEIVED FROM AN INSURANCE COMPANY AS PAYMENT FOR A TOTAL OR SUBSTANTIAL LOSS OF THE REAL ESTATE RESULTING FROM A DISASTER; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/07 at 16:33.

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