History of Actions | Background | Title |
Description: Property insurance; authorize creditor to purchase if debtor fails to maintain on collateral.
1 | 01/19/98 | (H) | Referred To Banks and Banking;Insurance | |
2 | 01/29/98 | (H) | DR - TSDP: BB To IN | |
3 | 01/30/98 | (H) | DR - TSDP: IN To BB | |
4 | 01/30/98 | (H) | Title Suff Do Pass | |
5 | 02/10/98 | (H) | Recommitted to Committee | |
6 | 02/10/98 | (H) | Died In Committee |
Effective date | July 1, 1998 | |
Disposition | Dead | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | No |
House Committees:
Principal Author: Guice
Code Section: A 063-0019-0033
Title: AN ACT TO CLARIFY THAT, IN ADDITION TO OTHER RIGHTS A CREDITOR MAY HAVE, WHEN A DEBTOR FAILS TO MAINTAIN REQUIRED PROPERTY INSURANCE OR FAILS TO PROVIDE THE CREDITOR WITH TIMELY NOTICE OF THE PURCHASE OR RENEWAL OF SUCH INSURANCE COVERAGE, THE CREDITOR MAY PURCHASE INSURANCE COVERAGE ON THE PROPERTY; TO AMEND SECTION 63-19-33, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT INSURANCE PURCHASED BY A CREDITOR OR HOLDER WHEN A DEBTOR FAILS TO MAINTAIN REQUIRED PROPERTY INSURANCE OR FAILS TO PROVIDE THE CREDITOR OR HOLDER WITH TIMELY NOTICE OF THE PURCHASE OR RENEWAL OF SUCH COVERAGE, AND CERTAIN INSURANCE, SHALL BE GOVERNED BY SPECIFIED PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB1616.htm