Tag Archive: "Mississippi"
-
Mississippi Reenacts Debt Management Services Act
Effective on July 1, 2016 Mississippi reenacted and extended the repeal date of the Debt Management Services Act (hereinafter referred to as the Act). The Act has now been extended to continue until July 1, 2019. The Act regulates debt management service providers. In specific it outlines: (1) the procedures of licensures; (2) the procedures […]
-
Mississippi Reenacts and Updates SAFE Mortgage Act
Effective on July 1, 2016 Mississippi reenacted the SAFE Mortgage Act and updated license requirements, document retention procedures, self-reporting, and set new limitations. Continuing Education Mississippi enacted amendments that delineate the requirements of continuing education for a licensed mortgage loan originator. Each mortgage loan originator must complete a total of eight hours of continuing education […]
-
Mississippi Modifies Provisions Regarding Real Property Identification Requirements
by: Matthew DaileyThe state of Mississippi modified its rules by clarifying required identifying information regarding what must be included in an instrument pertaining to real property that is presented to the applicable chancery court clerk for recording. The information relates to the name, mailing address and telephone number of every grantor, grantee, borrower or other […]
-
Mississippi Revises SAFE Act Provisions
by: Lee Greenberg, Esq.The state of Mississippi recently revised several SAFE Act provisions through the enactment of Senate Bill No. 2696. The new law has an effective date of July 1, 2013 and includes the following amendments:• A revised definition of “qualifying individual” as it is used in the Act and as it pertains to applications […]