Bill Text | History of Actions | Amendments | Background | Title |
Description: Mortgage Consumer Protection Law; reenact and make various changes to.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 02/04 (H) Referred To Banking and Financial Services | |
| 2 | 03/02 (H) Title Suff Do Pass Comm Sub | |
| 3 | 03/11 (H) Committee Substitute Adopted | |
| 4 | 03/11 (H) Tabled Subject To Call | |
| 5 | 03/17 (H) Amended | |
| 6 | 03/17 (H) Passed As Amended | |
| 7 | 03/18 (H) Motion to Reconsider Entered | |
| 8 | 03/19 (H) Reconsidered | |
| 9 | 03/19 (H) Amended | |
| 10 | 03/19 (H) Passed As Amended | |
| 11 | 03/23 (H) Transmitted To Senate | |
| 12 | 03/24 (S) Referred To Business and Financial Institutions | |
| 13 | 03/30 (S) Title Suff Do Pass | |
| 14 | 04/07 (S) Passed | |
| 15 | 04/08 (S) Transmitted To House | |
| 16 | 04/13 (H) Enrolled Bill Signed | |
| 17 | 04/14 (S) Enrolled Bill Signed | |
| 18 | 04/20 Approved by Governor |
| Tabled | [H] | Amendment No 1 (Cmte Sub) |
| Adopted | [H] | Amendment No 2 (Cmte Sub) |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 364 |
House Committee:
Senate Committee:
Principal Author: Guice
Code Sections: R 081-0018-0001, RA 081-0018-0003, RA 081-0018-0005, RA 081-0018-0007, R 081-0018-0008, R 081-0018-0009, R 081-0018-0011, R 081-0018-0013, RA 081-0018-0015, RA 081-0018-0017, RA 081-0018-0019, RA 081-0018-0021, RA 081-0018-0023, RA 081-0018-0025, RA 081-0018-0027, R 081-0018-0029, RA 081-0018-0031, RA 081-0018-0033, R 081-0018-0035, R 081-0018-0036, R 081-0018-0037, R 081-0018-0039, R 081-0018-0041, RA 081-0018-0043, R 081-0018-0045, R 081-0018-0047, R 081-0018-0049, A 081-0018-0051
Title: AN ACT TO REENACT SECTIONS 81-18-1, 81-18-3, 81-18-5, 81-18-7, 81-18-8, 81-18-9, 81-18-11, 81-18-13, 81-18-15, 81-18-17, 81-18-19, 81-18-21, 81-18-23, 81-18-25, 81-18-27, 81-18-29, 81-18-31, 81-18-33, 81-18-35, 81-18-36, 81-18-37, 81-18-39, 81-18-41, 81-18-43, 81-18-45, 81-18-47 AND 81-18-49, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO AMEND REENACTED SECTION 81-18-3, MISSISSIPPI CODE OF 1972, TO DEFINE THE TERMS "BRANCH" AND "RESIDENTIAL IMMOVABLE PROPERTY" AND TO REVISE THE DEFINITIONS OF THE TERMS "LOAN ORIGINATOR" AND "MORTGAGE COMPANY"; TO AMEND REENACTED SECTION 81-18-5, MISSISSIPPI CODE OF 1972, TO REVISE THE EXEMPTIONS TO THE MORTGAGE CONSUMER PROTECTION LAW; TO PROVIDE THAT CERTAIN ENTITIES EXEMPT FROM LICENSURE MUST REGISTER AND OBTAIN A REGISTRATION CERTIFICATE FROM THE DEPARTMENT OF BANKING AND CONSUMER FINANCE; TO AMEND REENACTED SECTION 81-18-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN APPLICATION FEE IS NOT REFUNDABLE IF THE APPLICATION IS WITHDRAWN OR DENIED; TO AMEND REENACTED SECTION 81-18-17, MISSISSIPPI CODE OF 1972, TO REQUIRE BRANCH OFFICES HOLDING BRANCH LICENSES TO RENEW THAT LICENSE BEFORE A CERTAIN DATE; TO AMEND REENACTED SECTION 81-18-21, MISSISSIPPI CODE OF 1972, TO REVISE THE AMOUNT OF THE EXAMINATION FEE THAT MAY BE CHARGED BY THE COMMISSIONER OF BANKING AND CONSUMER FINANCE FOR EXAMINING THE RECORDS OF A MORTGAGE COMPANY; TO AMEND REENACTED SECTION 81-18-23, MISSISSIPPI CODE OF 1972, TO REVISE THE TIME PERIOD FOR FILING ANNUAL REPORTS AND TO REQUIRE NOTIFICATION TO THE COMMISSIONER OF CERTAIN EVENTS THAT MAY IMPACT THE MORTGAGE COMPANY; TO AMEND REENACTED SECTION 81-18-25, MISSISSIPPI CODE OF 1972, TO REQUIRE A LOCATION TO BE LICENSED AS A MORTGAGE COMPANY INSTEAD OF A BRANCH IN CERTAIN INSTANCES; TO AMEND REENACTED SECTION 81-18-43, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER TO MAKE PUBLIC ANY FINAL ADMINISTRATIVE ACTION IMPOSED AGAINST A LICENSEE OR EXEMPT REGISTRANT FOR VIOLATIONS OF THE CHAPTER; TO AMEND REENACTED SECTIONS 81-18-7, 81-18-19, 81-18-27, 81-18-31 AND 81-18-33, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; TO AMEND SECTION 81-18-51, MISSISSIPPI CODE OF 1972, TO EXTEND THE REPEALER ON THE MORTGAGE CONSUMER PROTECTION LAW; AND FOR RELATED PURPOSES.
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