Bill > HB1522

This bill revises the information that mortgage origination agreements and servicer files must contain in Mississippi. Specifically, it updates the required statements within the mortgage origination agreement to include the licensed company's surety bond information, confirmation of borrower protection under the Mississippi S.A.F.E. Mortgage Act, and contact details for the Mississippi Department of Banking and Consumer Finance for complaints. The bill also clarifies that certain documents, like closing statements and loan estimates, are only required if mandated by federal law, and it broadens the scope of required disclosures under federal regulations. For servicer files, it adds the originating lender as a potential signer of loan applications and includes modification agreements and collection/default documentation. Importantly, the bill clarifies that licensees are not required to provide or retain federal disclosures unless federal law explicitly mandates it.

Business and Industry

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1522.xml