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.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 19 - Consumer Loan Broker Act
§ 81-19-5. License requirement; penalty for violation
§ 81-19-7. Exclusions from chapter coverage
§ 81-19-9. License application; fee; surety requirement
§ 81-19-15. Renewal of license; penalty for failure to pay fee
§ 81-19-19. Deposit of funds collected into Consumer Finance Fund
§ 81-19-21. Contracts to be written; enumeration of charges
§ 81-19-31. Service charge not to be construed as finance charge or interest
§ 81-19-33. Effect of failure to comply with chapter on underlying transaction
§ 81-19-35. Right to hearing upon denial or revocation of license; notice; appeal; review