Mississippi Legislature
2007 Regular Session

House Bill 640

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Bill Text

History of Actions

Background

Title

Description: Residential loans; require lender to have proof that builder has license and workers' compensation insurance before making.

Bill Text: [Introduced]

History of Actions:

1 01/09 (H) Referred To County Affairs;Judiciary A
2 01/30 (H) Died In Committee

Background Information:

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

House Committees:

Principal Author: Lane*

Title: AN ACT TO PROVIDE THAT BEFORE ANY PERSON MAY MAKE A LOAN OR EXTEND CREDIT FOR THE PURPOSE OF RESIDENTIAL CONSTRUCTION OR IMPROVEMENT, THE LENDER SHALL REQUIRE THE BORROWER TO PROVIDE WRITTEN EVIDENCE THAT THE RESIDENTIAL BUILDER OR REMODELER HOLDS A VALID LICENSE OR IS EXEMPT FROM LICENSURE, AND HAS ANY REQUIRED WORKERS' COMPENSATION INSURANCE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/07 at 18:55.

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