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MS SB2539

Bill

Status

Failed

3/1/2011

Primary Sponsor

Gary Jackson

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Amends Section 81-1-89 to authorize the Commissioner of Banking and Consumer Finance to disclose regulatory information to federal, state, and foreign government agencies as deemed necessary by the commissioner.

  • Permits the commissioner to establish information sharing agreements with government entities to reduce duplicative filings, examinations, and regulatory requirements while maintaining confidentiality of protected information.

  • Corrects a reference in Section 81-18-5 from "Section 81-18-3(ii)" to "Section 81-18-3(hh)" regarding exemptions for registered mortgage loan originators under the Mississippi Mortgage Consumer Protection Law.

  • Maintains existing exemptions from mortgage lending regulations for attorneys, depository institutions, family member transactions, and licensed mortgage lenders servicing existing portfolios.

  • Takes effect upon passage.

Legislative Description

Commissioner of Banking; authorize to disclose certain regulatory information to other government agencies.

Last Action

Died In Committee

3/1/2011

Full Bill Text

No bill text available