Mississippi’s S.A beneficial.F.E. Mortgage Operate (Secure Act) is actually booked as repealed to the , Governor Bryant recognized Senate Bill 2504 (S.B. 2504), hence reenacts the newest Safe Act and you can tends to make lots of substantive alter with the criteria in Safer Work that can be of great interest to help you home-based mortgage brokers, originators, brokers, and servicers doing business when you look at the Mississippi. These alter are effective . A listing of these transform is provided lower than.
S.B. 2504 amends this new continued training criteria in Secure Work of the (1) decreasing the level of times away from degree an authorized mortgage maker need to complete from year to year out-of a dozen to eight hours and you will (2) getting rid of the necessity that an authorized creator receive a couple of hours of Safer Act training on a yearly basis.
