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MS SB2539
Bill
AI Summary
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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.
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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.
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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.
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Maintains existing exemptions from mortgage lending regulations for attorneys, depository institutions, family member transactions, and licensed mortgage lenders servicing existing portfolios.
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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