Bill Text | History of Actions | Background | Title |
Description: Mortgage companies; loan need not be for construction to be excluded from certain fee restrictions.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Banks and Banking | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Guice
Code Section: A 081-0018-0027
Title: AN ACT TO AMEND SECTION 81-18-27, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT A LOAN MUST BE A CONSTRUCTION LOAN IN ORDER TO BE EXCLUDED FROM CERTAIN RESTRICTIONS ON THE MAXIMUM AMOUNT OF DIRECT PAYMENTS, COMPENSATION AND ADVANCE FEES WHICH A LICENSED MORTGAGE COMPANY MAY CHARGE A PROSPECTIVE BORROWER; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB1475.htm