Mississippi Legislature

1997 Regular Session

House Bill 1611

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Loans; create title pledge act.

History of Actions:

101/20/97(H)Referred To Banks and Banking
202/04/97(H)Died In Committee

Background Information:

Effective dateJuly 1, 1997
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

House Committee:

Principal Author: Guice

Title: AN ACT TO CREATE THE MISSISSIPPI TITLE PLEDGE ACT; TO DEFINE CERTAIN TERMS; TO AUTHORIZE THE DEPARTMENT OF BANKING AND CONSUMER FINANCE TO LICENSE AND REGULATE TITLE PLEDGE LENDERS; TO PROVIDE APPLICATION PROCEDURES; TO PROVIDE GROUNDS FOR SUSPENSION, REVOCATION AND SURRENDER OF LICENSES; TO PROVIDE FOR RECORDKEEPING REQUIREMENTS; TO PRESCRIBE THE MAXIMUM SERVICE CHARGE; TO PROHIBIT CERTAIN ACTS; TO PROVIDE THAT THE ORIGINAL PLEDGOR HAS THE RIGHT TO REDEEM THE PLEDGED PROPERTY; TO PROVIDE CIVIL AND CRIMINAL PENALTIES FOR VIOLATIONS OF THE ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/21/97 at 15:41.



End Of Document

1997/History/HB\HB1611.htm