Mississippi SB2711 revises the required contents of individual borrower and servicer files for mortgage origination agreements.
Mississippi SB2711 amends Section 81-18-33 of the Mississippi Code of 1972 to specify the contents of individual borrower files and individual servicer files for mortgage origination agreements. The bill mandates that individual borrower files include the appraisal or statement of value, a copy of the loan lock-in agreement, disclosures under federal regulations, the final signed application, and additional information as required by the Mississippi S.A.F.E. Mortgage Act.
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