1997 Regular Session
To: Banks and Banking
By: Representative Perkins
House Bill 7
AN ACT TO PROHIBIT REAL ESTATE BROKERS AND SALESPERSONS AND BANKS OR BANK EMPLOYEES FROM REQUIRING THE USE OF SPECIFIC ATTORNEYS IN REAL ESTATE TRANSACTIONS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. It shall be unlawful for any real estate broker or salesperson or any bank or employee of a bank to require a person purchasing any real estate to require such person to use any specific attorney or to select an attorney from a list of attorneys provided by the broker, salesperson or bank to handle any legal matter associated with the purchase of real estate or any other real estate transaction. Any person convicted of a violation of this section shall be fined not more than One Thousand Dollars ($1,000.00).
SECTION 2. This act shall take effect and be in force from and after July 1, 1997.