81-18-33 - Required contents of individual borrower files [Repealed effective July 1, 2010]. - Mississippi Statutes

§ 81-18-33. Required contents of individual borrower files [Repealed effective July 1, 2010].
 

The individual borrower files of a licensee 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 S.A.F.E. Mortgage Licensing Act of 2009." 

(iii) "Complaints against a licensee may be made by contacting the: 

Mississippi Department of Banking and 

Consumer Finance 

P.O. Drawer 23729 

Jackson, MS 39225-3729"; 

(b) A copy of the original loan application signed and dated by the licensee; 

(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) A copy of a loan lock-in agreement, if any, provided by the licensee; 

(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; and 

(h) A copy of the final signed Uniform Residential Loan Application. 
 

Sources: Laws, 2000, ch. 579, § 17; Laws, 2009, ch. 544, § 17, eff from and after July 31, 2009.