81-19-33 - Effect of failure to comply with chapter on underlying transaction. - Mississippi Statutes

§ 81-19-33. Effect of failure to comply with chapter on underlying transaction.
 

The failure of a licensed consumer loan broker to comply with this chapter in the finding and obtaining of a consumer loan for a borrower shall not affect the validity and enforceability of any debt, mortgage, deed of trust or any other lien interest in real or personal property, and a lender in the consumer loan or his assignee, holder or transferee is under no obligation to ascertain if this chapter has been complied with by the licensed consumer loan broker in the transaction. 
 

Sources: Laws,  1992, ch. 485, § 17, eff from and after July 1, 1992.