2010 Mississippi Code
TITLE 81 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 18 - Mississippi S.A.F.E. Mortgage Licensing Act of 2009.
81-18-5 - Exemptions [Repealed effective July 1, 2010].
§ 81-18-5. Exemptions [Repealed effective July 1, 2010].
The following are exempt from the provisions of this chapter:
(a) Registered mortgage loan originators, when acting for an entity described in Section 81-18-3(gg).
(b) Any person who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual.
(c) Any person who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence.
(d) A licensed attorney who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, unless the attorney is compensated by a lender, a mortgage broker, or other mortgage loan originator or by any agent of the lender, mortgage broker, or other mortgage loan originator.
(e) A depository institution, or a subsidiary that is owned and controlled by a depository institution.
Sources: Laws, 2000, ch. 579, § 3; reenacted and amended, Laws, 2002, ch. 500, § 3; reenacted and amended, Laws, 2004, ch. 364, § 3; reenacted and amended, Laws, 2007, ch. 581, § 3; Laws, 2008, ch. 434, § 2; Laws, 2009, ch. 428, § 2; Laws, 2009, ch. 544, § 3, eff from and after July 31, 2009.
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