l9n/ Mississippi

2012 Regular Session

Senate Bill 2897

Mississippi S.A.F.E. Mortgage Act; revise various licensing provisions and extend repeal date.

Became law as Chapter 571, Laws of 2012, signed May 23, 2012, 93 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO REENACT SECTIONS 81-18-1 THROUGH 81-18-63, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MISSISSIPPI S.A.F.E. MORTGAGE ACT; TO AMEND REENACTED SECTION 81-18-3, MISSISSIPPI CODE OF 1972, TO DEFINE THE TERM "HOUSING FINANCE AGENCY" AS USED IN THE MISSISSIPPI S.A.F.E. MORTGAGE ACT; TO AMEND REENACTED SECTION 81-18-5, MISSISSIPPI CODE OF 1972, TO REVISE THE EXEMPTIONS FROM THE ACT; TO AMEND REENACTED SECTION 81-18-9, MISSISSIPPI CODE OF 1972, TO REVISE THE APPLICATION REQUIREMENTS FOR LICENSURE; TO AMEND REENACTED SECTION 81-18-11, MISSISSIPPI CODE OF 1972, TO CLARIFY THE SURETY BOND REQUIREMENT FOR MORTGAGE LOAN ORIGINATORS; TO AMEND REENACTED SECTION 81-18-13, MISSISSIPPI CODE OF 1972, TO CLARIFY THE DEPARTMENT'S AUTHORITY TO ISSUE A LICENSE WHEN AN APPLICANT OR PERSON CONVICTED OF A CRIME HAS RECEIVED AN EXPUNGEMENT OF THE CRIME; TO AMEND REENACTED SECTIONS 81-18-17 AND 81-18-25, MISSISSIPPI CODE OF 1972, TO REVISE THE SIGNAGE REQUIREMENTS FOR EACH PRINCIPAL PLACE OF BUSINESS AND BRANCH OFFICE; TO AMEND REENACTED SECTION 81-18-19, MISSISSIPPI CODE OF 1972, TO CORRECT A TYPOGRAPHICAL ERROR; TO AMEND REENACTED SECTION 81-18-35, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT EACH LICENSEE SHALL INCLUDE THE DATE OF LOAN CLOSING IN HIS JOURNAL OF MORTGAGE TRANSACTIONS; TO AMEND REENACTED SECTION 81-18-39, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AMEND REENACTED SECTION 81-18-51, MISSISSIPPI CODE OF 1972, TO EXTEND THE DATE OF REPEAL ON THE ACT; TO AMEND REENACTED SECTION 81-18-53, MISSISSIPPI CODE OF 1972, TO REMOVE THE CLARIFYING LANGUAGE REGARDING THE APPLICABILITY OF THE CHAPTER TO ACTIVITIES OF OWNER FINANCING; TO CREATE A NEW SECTION TO PROVIDE SERVICING REQUIREMENTS FOR MORTGAGE LENDERS; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

February 20 to May 23, 2012, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action21 actions on 16 days

In the SenateFeb 20 to Mar 817 days

Business and Financial InstitutionsFeb 20 to Mar 514 days

In the House of RepresentativesMar 8 to Apr 427 days

Banking and Financial ServicesMar 19 to Mar 278 days

Back in the SenateApr 4 to May 733 days

With the GovernorMay 7 to May 2316 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Apr 4

  • House of Representatives floor amendmentPending

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Feb 20 – Mar 8

  1. Feb 20Referred to the Senate committee on Business and Financial Institutions
  2. Mar 5Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Mar 8Committee substitute adopted in the Senate
  4. Passed the Senate

In the House of Representatives Mar 8 – Apr 4

  1. Mar 8Released in the Senate to be sent on at once
  2. Mar 9Sent to the House
  3. Mar 19Referred to the House committee on Banking and Financial Services
  4. Mar 27Reported from committee in the House: title sufficient, do pass as amended
  5. Apr 4Amended in the House
  6. Passed the House as amended

Back in the Senate Apr 5 – May 7

  1. Apr 5Returned to the Senate to concur in the House's amendments
  2. Apr 10Declined in the Senate to concur, and invited a conference
  3. Apr 24Conferees named in the Senate: Jackson (15th), Wilemon and Harkins
  4. Apr 25Conferees named in the House: Zuber, Guice and Hood
  5. Apr 27Conference report filed in the Senate
  6. Conference report filed in the House
  7. Apr 29Conference report adopted in the House
  8. Conference report adopted in the Senate
  9. May 7Enrolled bill signed in the Senate

To the Governor May 8 – May 23

  1. May 8Enrolled bill signed in the House
  2. May 23Approved by the Governor
All 21 actions, as published
  1. Feb 20Referred To Business and Financial InstitutionsSenate
  2. Mar 5Title Suff Do Pass Comm SubSenate
  3. Mar 8Committee Substitute AdoptedSenate
  4. Mar 8PassedSenate
  5. Mar 8Immediate ReleaseSenate
  6. Mar 9Transmitted To HouseSenate
  7. Mar 19Referred To Banking and Financial ServicesHouse of Representatives
  8. Mar 27Title Suff Do Pass As AmendedHouse of Representatives
  9. Apr 4AmendedHouse of Representatives
  10. Apr 4Passed As AmendedHouse of Representatives
  11. Apr 5Returned For ConcurrenceHouse of Representatives
  12. Apr 10Decline to Concur/Invite ConfSenate
  13. Apr 24Conferees Named Jackson (15th),Wilemon,HarkinsSenate
  14. Apr 25Conferees Named Zuber,Guice,HoodHouse of Representatives
  15. Apr 27Conference Report FiledSenate
  16. Apr 27Conference Report FiledHouse of Representatives
  17. Apr 29Conference Report AdoptedHouse of Representatives
  18. Apr 29Conference Report AdoptedSenate
  19. May 7Enrolled Bill SignedSenate
  20. May 8Enrolled Bill SignedHouse of Representatives
  21. May 23Approved by GovernorGovernor