Mississippi House Bill 993 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on March 4 2025 - 100% progression
Action: 2025-03-04 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

An Act To Authorize Mortgage Loan Originators To Perform Origination Activities At A Remote Location Under The Supervision And In Compliance With The Licensee's Policies And Procedures Subject To Certain Conditions; To Amend Section 81-18-3, Mississippi Code Of 1972, To Define The Terms "employee", "exclusive Agent", "independent Contractor" And "remote Location"; To Amend Section 81-18-9, Mississippi Code Of 1972, To Increase The Fee For A Mortgage Loan Originator License; To Amend Section 81-18-11, Mississippi Code Of 1972, To Increase The Maximum Sum Of Surety Bond For Mortgage Brokers, Mortgage Lenders And Initial Applicants; To Amend Section 81-18-25, Mississippi Code Of 1972, To Provide That Nothing In This Chapter Shall Be Interpreted To Prohibit Mortgage Loan Originators Of A Licensee Performing Origination Activities At A Remote Location, His Or Her Residence, Or Another Remote Location, Provided That The Licensee Complies With The Provisions Of This Act; To Amend Section 81-18-15, Mississippi Code Of 1972, To Increase The License Fee For Initial Applications For A License To Operate As A Mortgage Broker Or Lender; To Increase The Annual Renewal Fee; To Amend Section 81-18-17, Mississippi Code Of 1972, To Increase The Application Fee For A Licensee's Branch Office; To Increase The Annual Renewal Fee For A Licensee's Branch Office; To Amend Section 81-18-21, Mississippi Code Of 1972, To Increase The Examination Fee For Licensees In The State Of Mississippi; To Bring Forward Sections 81-18-5, 81-18-7, 81-18-8, 81-18-13, 81-18-14, 81-18-19, 81-18-23, 81-18-27, 81-18-28, 81-18-29, 81-18-31, 81-18-33, 81-18-35, 81-18-36, 81-18-37, 81-18-39, 81-18-40, 81-18-41, 81-18-43, 81-18-45, 81-18-47, 81-18-49, 81-18-53, 81-18-55, 81-18-61 And 81-18-63, Mississippi Code Of 1972, Which Relate To The Mississippi S.a.f.e. Mortgage Act, For Purposes Of Possible Amendment; And For Related Purposes.

Mortgage brokers and lenders; authorize to perform organization activities at a remote location.

Rep. Shane Aguirre [R]

2025-02-11 - House - House Passed (Y: 110 N: 0 NV: 10 Abs: 0) [PASS]

Date	Chamber	Action
2025-03-04	Senate	Died In Committee
2025-02-17	Senate	Referred To Business and Financial Institutions
2025-02-12	House	Transmitted To Senate
2025-02-11	House	Passed
2025-02-11	House	Committee Substitute Tabled
2025-01-28	House	Title Suff Do Pass Comm Sub
2025-01-17	House	Referred To Banking and Financial Services

Chapter	Article	Section	Citation Type	Statute Text
81	18	11	Amended Code	See Bill Text
81	18	13	New Code	See Bill Text
81	18	14	New Code	See Bill Text
81	18	15	Amended Code	See Bill Text
81	18	17	Amended Code	See Bill Text
81	18	19	New Code	See Bill Text
81	18	21	Amended Code	See Bill Text
81	18	23	New Code	See Bill Text
81	18	25	Amended Code	See Bill Text
81	18	27	New Code	See Bill Text
81	18	28	New Code	See Bill Text
81	18	29	New Code	See Bill Text
81	18	3	Amended Code	See Bill Text
81	18	31	New Code	See Bill Text
81	18	33	New Code	See Bill Text
81	18	35	New Code	See Bill Text
81	18	36	New Code	See Bill Text
81	18	37	New Code	See Bill Text
81	18	39	New Code	See Bill Text
81	18	40	New Code	See Bill Text
81	18	41	New Code	See Bill Text
81	18	43	New Code	See Bill Text
81	18	45	New Code	See Bill Text
81	18	47	New Code	See Bill Text
81	18	49	New Code	See Bill Text
81	18	5	New Code	See Bill Text
81	18	53	New Code	See Bill Text
81	18	55	New Code	See Bill Text
81	18	61	New Code	See Bill Text
81	18	63	New Code	See Bill Text
81	18	7	New Code	See Bill Text
81	18	8	New Code	See Bill Text
81	18	9	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0993.xml
Text	https://billstatus.ls.state.ms.us/documents/2025/html/HB/0900-0999/HB0993IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2025/html/HB/0900-0999/HB0993CS.htm
Text	https://billstatus.ls.state.ms.us/documents/2025/html/HB/0900-0999/HB0993PS.htm
Roll Call	https://billstatus.ls.state.ms.us/2025/pdf/votes/house/0360043.pdf