Bill Text | History of Actions | Background | Title |
Description: Mississippi Mortgage Consumer Protection Law; revise exemptions, examination fee, definition of "loan originator."
Bill Text: [Introduced]
| 1 | 02/23 (S) Referred To Business and Financial Institutions | |
| 2 | 03/09 (S) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Jordan
Additional Authors: Jackson (11th), Dawkins
Code Sections: A 081-0018-0003, A 081-0018-0005, A 081-0018-0015, A 081-0018-0021
Title: AN ACT TO AMEND SECTION 81-18-3, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "LOAN ORIGINATOR" AS USED IN THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO AMEND SECTION 81-18-5, MISSISSIPPI CODE OF 1972, TO REVISE THE EXEMPTIONS TO THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO AMEND SECTION 81-18-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT COURSES APPROVED BY THE MAGNOLIA MORTGAGE BROKERS AND EDUCATIONAL ASSOCIATION WILL BE ACCEPTABLE FOR CONTINUING EDUCATION REQUIREMENTS UNDER THE MISSISSIPPI MORTGAGE CONSUMER PROTECTION LAW; TO REQUIRE THE COMMISSIONER TO APPROVE CONTINUING EDUCATION COURSES IN ADVANCE ON A CASE-BY-CASE BASIS; TO AMEND 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; AND FOR RELATED PURPOSES.
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2004/html/History/SB/SB3039.htm