Mississippi § 35-7-49 - Confidentiality of information obtained in loan processing.
Full text of Mississippi Mississippi Code of 1972 Annotated § 35-7-49 — Confidentiality of information obtained in loan processing., with citation guidance and answers to common questions.
§ 35-7-49. Confidentiality of information obtained in loan processing.
All personal information, including financial and credit information, provided to the board for the purpose of obtaining and servicing a loan, shall be held in strict confidence by the board, and used only by the board and its authorized employees for the purpose of processing and servicing the subject loan. Release of any information on an applicant or borrower outside of the board shall be only by proper legal subpoena or by the written consent of the individual involved. The intent is to protect the privacy of individual citizens/veterans and to provide complete candor in loan processing and related business matters. This section is not intended to apply to communication with the credit and financial community on credit evaluation and loan servicing. Also, it is not intended to prevent the disclosure of information in the process of negotiating a settlement by a third party when a loan is in default or otherwise in violation of this law.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 35-7-49
What does Mississippi Code of 1972 Annotated § 35-7-49 cover?
Section 35-7-49 ("Confidentiality of information obtained in loan processing.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 35-7-49?
A common citation format is "Mississippi Code of 1972 Annotated § 35-7-49" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 35-7-49 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.