2005 Regular Session
To: Business and Financial Institutions
By: Senator(s) Harden
AN ACT TO PROVIDE THAT ANY UNITED STATES MILITARY PERSONNEL ON ACTIVE DUTY IN WARTIME SHALL BE ENTITLED TO A 2% REDUCTION IN THE RATE CHARGED ON HIS MORTGAGE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Any United States military personnel on active duty in wartime shall be entitled to a two percent (2%) reduction in the rate charged on his mortgage entered into before beginning active duty.
SECTION 2. This act shall take effect and be in force from and after July 1, 2005.