MS HB1522

Amends Mississippi Code Section 81-18-33 to clarify that mortgage licensees only need to retain signed closing statements and loan estimates "if required under federal law" rather than automatically for all transactions

Removes specific references to HUD requirements and Regulation Z of the Truth in Lending Act, replacing them with broader language referencing "applicable" federal regulations

Eliminates the requirement to use the Uniform Residential Loan Application, now allowing any signed final application

Adds language specifying that servicer files may contain loan applications signed by the "originating lender" in addition to the licensee

Establishes that state banking rules cannot require licensees to provide or retain federal disclosures unless those disclosures are actually required by federal law, effective July 1, 2026