Mississippi Legislature

1997 Regular Session

Senate Bill 3022

[Introduced]

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History of Actions

Background

Title

Description: Mississippi Title Pledge Act; create.

History of Actions:

101/20/97(S)Referred To Business and Financial Institutions
202/04/97(S)Died In Committee

Background Information:

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

Senate Committee:

Principal Author: Woodfield

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 13:30.



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1997/History/SB\SB3022.htm