Mississippi Legislature
2003 Regular Session

House Bill 885

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Bill Text

History of Actions

Amendments

Background

Title

Description: Mortgage lenders; require notice to mortgagers upon assignment of mortgage.

Bill Text: [Introduced] [Passed House]

History of Actions:

1 01/17 (H) Referred To Banks and Banking
2 01/28 (H) Title Suff Do Pass
3 02/04 (H) Passed
4 02/04 (H) Motion to Reconsider Entered
5 02/11 (H) Reconsidered
6 02/11 (H) Amended
7 02/11 (H) Passed As Amended
8 02/13 (H) Transmitted To Senate
9 02/14 (S) Referred To Business and Financial Institutions
10 03/04 (S) Died In Committee

Amendments:

Adopted [H] Amendment No 1

Background Information:

Effective dateJuly 1, 2003
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Senate Committee:

Principal Author: Ward

Title: AN ACT TO REQUIRE A MORTGAGE LENDER WHO ASSIGNS HIS INTEREST IN A MORTGAGE TO ANOTHER TO GIVE WRITTEN NOTICE TO THE MORTGAGOR OF THE ASSIGNMENT WITHIN FIFTEEN DAYS OF THE ASSIGNMENT; TO PRESCRIBE THE INFORMATION THAT MUST BE CONTAINED IN THE NOTICE; TO PROHIBIT A MORTGAGE LENDER WHO FAILS TO GIVE THE NOTICE FROM COLLECTING LATE FEES, SERVICE CHARGES OR ADDITIONAL INTEREST ON THE OUTSTANDING LOAN BALANCE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/04/03 at 15:02.

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