SB2423: Real estate licenses; revise regulations, including written notification before suspension.

Legislative Summary

An Act To Amend Section 73-35-10, Mississippi Code Of 1972, To Require The Commission To Provide Prior Written Notification To Any Licensee Whose License, Once Issued, Is Subject To Be Amended, Suspended, Revoked Or Not Renewed; To Amend Section 73-35-23, Mississippi Code Of 1972, To Change The Standard Of Proof Required At Administrative Hearings From A Preponderance Of The Evidence To Clear And Convincing Evidence; To Require Any Complaint Initiated By Or Filed With The Commission To Be Resolved By Dismissal Or Issuance Of A Formal Complaint Within 120 Days Of The Date Written Notice Is Provided To Licensee(s) And Their Responsible Broker(s) Of Commencement Of An Investigation Pertaining To Any Complaint; To Require Any Complaint Initiated By Or Filed With The Commission To Be Resolved By Final Dismissal, Final Ruling On Any Formal Complaint Or By Entry Of Agreed Dispositional Order Within One Year Of The Date Written Notice Is Provided To Licensee(s) And Their Responsible Broker(s) Of Commencement Of An Investigation Pertaining To Any Complaint; And For Related Purposes.