MS SB2711

Amends Mississippi Code Section 81-18-33 to update documentation requirements for mortgage licensees' borrower and servicer files, effective July 1, 2026

Replaces specific references to HUD closing statements and Regulation Z disclosures with broader language requiring compliance with "applicable federal law or regulations" when such disclosures are federally mandated

Expands acceptable loan application formats to include alternative applications for manufactured/modular housing constructed off-site and transported for permanent residential use

Adds "or originating lender" language to servicer file requirements, allowing servicers to retain loan applications signed by the original lender rather than requiring the servicer's signature

Clarifies that licensees are not required to provide or retain federal disclosures unless federal law actually mandates those disclosures be provided