81-12-107 - Records; loan and investment. - Mississippi Statutes

§ 81-12-107. Records; loan and investment.
 

Every association shall maintain complete loan and investment records in a manner prescribed by the commissioner. Detailed records necessary to make determinations of compliance by an association with the investment, liquidity, loan and other provisions of this chapter shall be maintained consistently and at all times, the record of each real estate loan or other secured loan or investment containing documentation to the satisfaction of the commissioner of the type, adequacy and completion of the security.
 

Sources: Laws,  1977, ch. 445, § 29(12); reenacted, 1982, ch. 301, § 54; Laws, 1990 Ex Sess, ch. 52, § 55; Laws, 1993, ch. 441, § 55; Laws, 1994, ch. 622, § 87; reenacted without change, Laws, 1997, ch. 496, § 52; reenacted without change, Laws, 2001, ch. 488, § 54, eff from and after July 1, 2001.