Bill Text | History of Actions | Amendments | Background | Title |
Description: Mortgage companies; allow to collect fee from borrower to lock in loan rate for more than 60 days.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 01/11 (H) Referred To Banking and Financial Services | |
| 2 | 01/24 (H) Title Suff Do Pass Comm Sub | |
| 3 | 02/01 (H) Committee Substitute Adopted | |
| 4 | 02/01 (H) Passed | |
| 5 | 02/03 (H) Transmitted To Senate | |
| 6 | 02/06 (S) Referred To Business and Financial Institutions | |
| 7 | 02/28 (S) Title Suff Do Pass As Amended | |
| 8 | 03/01 (S) Amended | |
| 9 | 03/01 (S) Passed As Amended | |
| 10 | 03/02 (S) Motion to Reconsider Entered | |
| 11 | 03/06 (S) Reconsidered | |
| 12 | 03/06 (S) Amended | |
| 13 | 03/06 (S) Passed As Amended | |
| 14 | 03/08 (S) Returned For Concurrence | |
| 15 | 03/14 (H) Concurred in Amend From Senate | |
| 16 | 03/17 (H) Enrolled Bill Signed | |
| 17 | 03/17 (S) Enrolled Bill Signed | |
| 18 | 03/23 Approved by Governor |
| Adopted | [S] | Committee Amendment No 1 |
| Adopted | [S] | Amendment No 1 to Committee Amendment No 1 |
| [S] | Amendment Report for House Bill No. 681 |
| Effective date | July 1, 2006 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 451 |
House Committee:
Senate Committee:
Principal Author: Baker (74th)
Code Section: A 081-0018-0027
Title: AN ACT TO AMEND SECTION 81-18-27, MISSISSIPPI CODE OF 1972, TO ALLOW LICENSED OR REGISTERED MORTGAGE COMPANIES TO COLLECT FROM A BORROWER A FEE TO BE PAID TO A LENDER TO LOCK IN AN INTEREST RATE AND/OR A CERTAIN NUMBER OF POINTS ON A MORTGAGE LOAN; TO CREATE A NEW CODE SECTION TO PROVIDE A MAXIMUM AMOUNT THAT MAY BE COLLECTED AS A LOCK-IN FEE AND TO PRESCRIBE THE CONTENTS OF A LOCK-IN FEE AGREEMENT; AND FOR RELATED PURPOSES.
End Of Document
2006/html/History/HB/HB0681.htm