MS HB346 | 2022 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 1 2022 - 100% progression
Action: 2022-02-01 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Establish The Homeowner's Emergency Mortgage Assistance Program, Which Shall Be Administered By The Mississippi Home Corporation; To Authorize The Corporation To Make Loans To Mississippi Residents Who Are Eligible Under This Act; To Provide That Before A Mortgagee May Accelerate The Maturity Of A Mortgage Obligation Covered Under This Act Or Begin Any Mortgage Foreclosure, Certain Notice Must Be Given To The Mortgagor And A Determination Must Have Been Made On The Mortgagor's Application For Emergency Mortgage Assistance Payments; To Provide That Foreclosure Actions On Mortgages Covered Under This Act Shall Be Temporarily Stayed; To Specify The Requirements For Giving Notice To The Mortgagor; To Specify The Requirements For Eligibility For Assistance With Respect To A Mortgage Under This Act; To Provide That The Corporation Shall Pay To A Mortgagee The Full Amount Due Under The Terms Of A Mortgage Of A Mortgagor Who Is Eligible For Assistance Under This Act; To Provide That The Corporation Shall Enter Into Agreements With Mortgagors Who Receive Assistance Under This Act For The Repayment Of That Assistance; To Require All Mortgagors Who Receive Assistance Under This Act To Receive Consumer Credit Counseling; To Create The Homeowner's Emergency Mortgage Assistance Fund In The State Treasury; And For Related Purposes.

Tracking Information

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Title

Homeowner's Emergency Mortgage Assistance Program; create.

Sponsors


History

DateChamberAction
2022-02-01HouseDied In Committee
2022-01-04HouseReferred To Appropriations

Mississippi State Sources


Bill Comments

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