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<!DOCTYPE HISTORY SYSTEM "../../dtds_xslts/history.dtd">
 
<HISTORY>
	<YEAR>2020</YEAR>
	<SESSION>Regular Session</SESSION>
	<SHORTTITLE>MS S.A.F.E. Mortgage Act; remove repealer, clarify record keeping requirements, clarify estimate of costs provided to borrower.</SHORTTITLE>
	<LONGTITLE>AN ACT TO REENACT SECTIONS 81-18-1 THROUGH 81-18-63, MISSISSIPPI CODE OF 1972, KNOWN AS THE MISSISSIPPI S.A.F.E. MORTGAGE ACT; TO AMEND REENACTED SECTION 81-18-21, MISSISSIPPI CODE OF 1972, TO EXTEND AND CLARIFY THE TIME PERIOD DURING WHICH MORTGAGE BROKERS ARE REQUIRED TO MAINTAIN THEIR BOOKS, ACCOUNTS AND RECORDS; TO AMEND REENACTED SECTION 81-18-33, MISSISSIPPI CODE OF 1972, TO CLARIFY THE TYPE OF ESTIMATE OF COSTS PROVIDED TO THE BORROWER; TO REPEAL SECTION 81-18-51, MISSISSIPPI CODE OF 1972, WHICH PROVIDES THE DATE OF REPEAL ON THE PROVISIONS OF LAW KNOWN AS THE MISSISSIPPI S.A.F.E. MORTGAGE ACT; AND FOR RELATED PURPOSES.</LONGTITLE>
	<DATETIMELASTCHG>11/19/20 at 10:21</DATETIMELASTCHG>
 
	<MEASURE>
		<MSR_HS>S</MSR_HS>
		<MSR_TYPE>B</MSR_TYPE>
		<MSR_NUM>2427</MSR_NUM>
		<FORMAT_MSRID>Senate Bill 2427</FORMAT_MSRID>
		<SHORT_MSRID>SB 2427</SHORT_MSRID>
		<OWNER>S</OWNER>
	</MEASURE>
 
	<BACKGROUND>
		<DISPOSITION>Law</DISPOSITION>
		<DEADLINE>General Bill/Constitutional Amendment</DEADLINE>
		<REVENUE>No</REVENUE>
		<VOTETYPE>Three/Fifths</VOTETYPE>
		<EFFECTIVEDATE>July 1, 2020</EFFECTIVEDATE>
		<CHAPNUM> 310</CHAPNUM>
	</BACKGROUND>
	<COMMITTEES>
		<HOUSE>
			<H_NAME>Banking and Financial Services</H_NAME>
			<H_INCMTE>F</H_INCMTE>
			<H_LINK>../../House_cmtes/BB.xml</H_LINK>
		</HOUSE>
		<SENATE>
			<S_NAME>Business and Financial Institutions</S_NAME>
			<S_INCMTE>F</S_INCMTE>
			<S_LINK>../../Senate_cmtes/BF.xml</S_LINK>
		</SENATE>
	</COMMITTEES>
	<AUTHORS>
		<PRINCIPAL>
			<P_NAME>Parks</P_NAME>
			<P_LINK>../../Senate_authors/Parks.xml</P_LINK>
		</PRINCIPAL>
	</AUTHORS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0001</SECTION>
		<SECTIONLINK>../../code_sections/081/00180001.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0003</SECTION>
		<SECTIONLINK>../../code_sections/081/00180003.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0005</SECTION>
		<SECTIONLINK>../../code_sections/081/00180005.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0007</SECTION>
		<SECTIONLINK>../../code_sections/081/00180007.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0008</SECTION>
		<SECTIONLINK>../../code_sections/081/00180008.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0009</SECTION>
		<SECTIONLINK>../../code_sections/081/00180009.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0011</SECTION>
		<SECTIONLINK>../../code_sections/081/00180011.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0013</SECTION>
		<SECTIONLINK>../../code_sections/081/00180013.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0014</SECTION>
		<SECTIONLINK>../../code_sections/081/00180014.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0015</SECTION>
		<SECTIONLINK>../../code_sections/081/00180015.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0017</SECTION>
		<SECTIONLINK>../../code_sections/081/00180017.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0019</SECTION>
		<SECTIONLINK>../../code_sections/081/00180019.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>RA</AFFECT>
		<SECTION>081-0018-0021</SECTION>
		<SECTIONLINK>../../code_sections/081/00180021.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0023</SECTION>
		<SECTIONLINK>../../code_sections/081/00180023.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0025</SECTION>
		<SECTIONLINK>../../code_sections/081/00180025.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0027</SECTION>
		<SECTIONLINK>../../code_sections/081/00180027.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0028</SECTION>
		<SECTIONLINK>../../code_sections/081/00180028.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0029</SECTION>
		<SECTIONLINK>../../code_sections/081/00180029.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0031</SECTION>
		<SECTIONLINK>../../code_sections/081/00180031.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>RA</AFFECT>
		<SECTION>081-0018-0033</SECTION>
		<SECTIONLINK>../../code_sections/081/00180033.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0035</SECTION>
		<SECTIONLINK>../../code_sections/081/00180035.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0036</SECTION>
		<SECTIONLINK>../../code_sections/081/00180036.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0037</SECTION>
		<SECTIONLINK>../../code_sections/081/00180037.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0039</SECTION>
		<SECTIONLINK>../../code_sections/081/00180039.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0040</SECTION>
		<SECTIONLINK>../../code_sections/081/00180040.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0041</SECTION>
		<SECTIONLINK>../../code_sections/081/00180041.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0043</SECTION>
		<SECTIONLINK>../../code_sections/081/00180043.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0045</SECTION>
		<SECTIONLINK>../../code_sections/081/00180045.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0047</SECTION>
		<SECTIONLINK>../../code_sections/081/00180047.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0049</SECTION>
		<SECTIONLINK>../../code_sections/081/00180049.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0053</SECTION>
		<SECTIONLINK>../../code_sections/081/00180053.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0055</SECTION>
		<SECTIONLINK>../../code_sections/081/00180055.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0061</SECTION>
		<SECTIONLINK>../../code_sections/081/00180061.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>R</AFFECT>
		<SECTION>081-0018-0063</SECTION>
		<SECTIONLINK>../../code_sections/081/00180063.xml</SECTIONLINK>
	</CODESECTIONS>
	<CODESECTIONS>
		<AFFECT>RP</AFFECT>
		<SECTION>081-0018-0051</SECTION>
		<SECTIONLINK>../../code_sections/081/00180051.xml</SECTIONLINK>
	</CODESECTIONS>
	<ACTION>
		<ACT_NUMBER> 1</ACT_NUMBER>
		<ACT_DESC>02/14 (S) Referred To Business and Financial Institutions</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 2</ACT_NUMBER>
		<ACT_DESC>02/27 (S) Title Suff Do Pass</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 3</ACT_NUMBER>
		<ACT_DESC>03/05 (S) Passed</ACT_DESC>
		<ACT_VOTE>../../../../2020/pdf/votes/senate/0590035.pdf</ACT_VOTE>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 4</ACT_NUMBER>
		<ACT_DESC>03/06 (S) Transmitted To House</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 5</ACT_NUMBER>
		<ACT_DESC>03/25 (H) Referred To Banking and Financial Services</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 6</ACT_NUMBER>
		<ACT_DESC>05/27 (H) Title Suff Do Pass</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 7</ACT_NUMBER>
		<ACT_DESC>06/02 (H) Passed</ACT_DESC>
		<ACT_VOTE>../../../../2020/pdf/votes/house/1480007.pdf</ACT_VOTE>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 8</ACT_NUMBER>
		<ACT_DESC>06/03 (H) Returned For Enrolling</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER> 9</ACT_NUMBER>
		<ACT_DESC>06/04 (S) Enrolled Bill Signed</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER>10</ACT_NUMBER>
		<ACT_DESC>06/04 (H) Enrolled Bill Signed</ACT_DESC>
	</ACTION>
	<ACTION>
		<ACT_NUMBER>11</ACT_NUMBER>
		<ACT_DESC>06/11 Approved by Governor</ACT_DESC>
	</ACTION>
	<DOCUMENTS>
		<CURRENT>
			<CURRENT_PDF>../../../../documents/2020/pdf/SB/2400-2499/SB2427SG.pdf</CURRENT_PDF>
			<CURRENT_PDF_DT>../../../../documents/2020/dt/SB/2400-2499/SB2427SG.pdf</CURRENT_PDF_DT>
			<CURRENT_OTHER>../../../../documents/2020/html/SB/2400-2499/SB2427SG.htm</CURRENT_OTHER>
		</CURRENT>
		<INTRO>
			<INTRO_PDF>../../../../documents/2020/pdf/SB/2400-2499/SB2427IN.pdf</INTRO_PDF>
			<INTRO_PDF_DT>../../../../documents/2020/dt/SB/2400-2499/SB2427IN.pdf</INTRO_PDF_DT>
			<INTRO_OTHER>../../../../documents/2020/html/SB/2400-2499/SB2427IN.htm</INTRO_OTHER>
		</INTRO>
		<PASSED>
			<PASSED_PDF>../../../../documents/2020/pdf/SB/2400-2499/SB2427PS.pdf</PASSED_PDF>
			<PASSED_PDF_DT>../../../../documents/2020/dt/SB/2400-2499/SB2427PS.pdf</PASSED_PDF_DT>
			<PASSED_OTHER>../../../../documents/2020/html/SB/2400-2499/SB2427PS.htm</PASSED_OTHER>
		</PASSED>
		<ASG>
			<ASG_PDF>../../../../documents/2020/pdf/SB/2400-2499/SB2427SG.pdf</ASG_PDF>
			<ASG_PDF_DT>../../../../documents/2020/dt/SB/2400-2499/SB2427SG.pdf</ASG_PDF_DT>
			<ASG_OTHER>../../../../documents/2020/html/SB/2400-2499/SB2427SG.htm</ASG_OTHER>
		</ASG>
		<FISCALNOTE>
			<FISCALNOTEFLAG>N</FISCALNOTEFLAG>
			<FISCALNOTEPATH>../../../../documents/2020/pdf/fiscalnotes/SB2427.pdf</FISCALNOTEPATH>
		</FISCALNOTE>
	</DOCUMENTS>
</HISTORY>
