Bill Text | History of Actions | Background | Title |
Description: MS Mortgage Consumer Protection Law; make various changes.
Bill Text: [Introduced] [Passed Senate]
| 1 | 01/26 (S) Referred To Business and Financial Institutions | |
| 2 | 03/02 (S) Title Suff Do Pass | |
| 3 | 03/11 (S) Passed | |
| 4 | 03/12 (S) Transmitted To House | |
| 5 | 03/15 (H) Referred To Banking and Financial Services | |
| 6 | 04/06 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Mettetal
Code Sections: R 081-0018-0001, RA 081-0018-0003, RA 081-0018-0005, R 081-0018-0007, R 081-0018-0008, R 081-0018-0009, R 081-0018-0011, R 081-0018-0013, RA 081-0018-0015, R 081-0018-0017, R 081-0018-0019, RA 081-0018-0021, RA 081-0018-0023, RA 081-0018-0025, R 081-0018-0027, R 081-0018-0029, R 081-0018-0031, R 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, RA 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, 81-18-49 AND 81-18-51, 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 TERM "BRANCH" AND TO REVISE THE DEFINITION OF THE TERM "LOAN ORIGINATOR"; TO AMEND REENACTED SECTION 81-18-5, MISSISSIPPI CODE OF 1972, TO REVISE THE EXEMPTIONS TO THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; 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SECTION 81-18-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN APPLICATION FEE IS NOT REFUNDABLE IF THE APPLICATION IS WITHDRAWN OR DENIED; TO AMEND REENACTED SECTION 81-18-21, MISSISSIPPI CODE OF 1972, TO REVISE THE AMOUNT OF THE EXAMINATION FEE THAT MAY BE CHARGED BY THE COMMISSIONER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 WHICH MAY IMPACT THE LICENSEE; TO AMEND REENACTED SECTION 82-18-25, 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 SECTION 81-18-51, MISSISSIPPI CODE OF 1972, TO EXTEND THE REPEALER; AND FOR RELATED PURPOSES.
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