As Amended
SEC. 81-18-33. Required contents of individual borrower files. [Repealed effective July 1, 2007].
The individual borrower files of a mortgage company shall contain at least the following:
(a) A mortgage origination agreement provided to the borrower containing at least * * * the following statements:
(i) "As required by Mississippi Law, (licensed company name) has secured a bond issued by (name of insurance company), a surety company authorized to do business in this state. A certified copy of this bond is filed with the Mississippi Commissioner of Banking and Consumer Finance."
(ii) "As a borrower you are protected under the Mississippi Mortgage Consumer Protection Law."
(iii) "Complaints against a mortgage company may be made by contacting the:
Mississippi Department of Banking and
Consumer Finance
P.O. Box 23729
Jackson, MS 39225-3729";
(b) A copy of the original loan application signed and dated by the mortgage company;
(c) A copy of the signed closing statement as required by HUD or documentation of denial or cancellation of the loan application;
(d) A copy of the good faith estimate of costs provided to the borrower;
(e) A copy of the appraisal or statement of value if procured as a part of the loan application process;
(f) Evidence of a loan lock-in provided by the lender; and
(g) A copy of the disclosures required under Regulation Z of the federal Truth In Lending Act and other disclosures as required under federal regulations and evidence that those disclosures have been properly and timely made to the borrower.
SOURCES: Laws, 2000, Ch.579, §17, SB3100; Reenacted without change, Laws, 2002, ch. 500, § 18, HB 1522; Laws, 2004, ch. 364, § 18, HB 788, eff from and after passage (approved Apr. 20, 2004).
PREVIOUS VERSIONS: Pre-2004.