l9n/ Mississippi

2020 Regular Session

Senate Bill 2427

MS S.A.F.E. Mortgage Act; remove repealer, clarify record keeping requirements, clarify estimate of costs provided to borrower.

Became law as Chapter 310, Laws of 2020, signed June 11, 2020, 118 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, 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.

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 14 to June 11, 2020, 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 action11 actions on 10 days

In the SenateFeb 14 to Mar 520 days

Business and Financial InstitutionsFeb 14 to Feb 2713 days

In the House of RepresentativesMar 5 to Jun 289 days

Banking and Financial ServicesMar 25 to May 2763 days

With the GovernorJun 2 to Jun 119 days

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 14 – Mar 5

  1. Feb 14Referred to the Senate committee on Business and Financial Institutions
  2. Feb 27Reported from committee in the Senate: title sufficient, do pass
  3. Mar 5Passed the Senate

In the House of Representatives Mar 6 – Jun 2

  1. Mar 6Sent to the House
  2. Mar 25Referred to the House committee on Banking and Financial Services
  3. May 27Reported from committee in the House: title sufficient, do pass
  4. Jun 2Passed the House

To the Governor Jun 3 – Jun 11

  1. Jun 3Returned to the Senate for enrolling
  2. Jun 4Enrolled bill signed in the Senate
  3. Enrolled bill signed in the House
  4. Jun 11Approved by the Governor
All 11 actions, as published
  1. Feb 14Referred To Business and Financial InstitutionsSenate
  2. Feb 27Title Suff Do PassSenate
  3. Mar 5PassedSenate
  4. Mar 6Transmitted To HouseSenate
  5. Mar 25Referred To Banking and Financial ServicesHouse of Representatives
  6. May 27Title Suff Do PassHouse of Representatives
  7. Jun 2PassedHouse of Representatives
  8. Jun 3Returned For EnrollingHouse of Representatives
  9. Jun 4Enrolled Bill SignedSenate
  10. Jun 4Enrolled Bill SignedHouse of Representatives
  11. Jun 11Approved by GovernorGovernor