[Introduced] [Committee Substitute] [Passed House]
History of Actions | Background | Title |
Description: Consumer finance laws; make various amendments to.
| 1 | 01/19/98 | (H) | Referred To Banks and Banking | |
| 2 | 01/29/98 | (H) | Title Suff Do Pass Comm Sub | |
| 3 | 02/05/98 | (H) | Committee Substitute Adopted | |
| 4 | 02/05/98 | (H) | Amended | |
| 5 | 02/05/98 | (H) | Passed As Amended | |
| 6 | 02/05/98 | (H) | Motion to Reconsider Entered | |
| 7 | 02/13/98 | (H) | Motion to Reconsider Tabled | |
| 8 | 02/16/98 | (H) | Transmitted To Senate | |
| 9 | 02/18/98 | (S) | Referred To Business and Financial Institutions | |
| 10 | 03/03/98 | (S) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
House Committee:
Senate Committee:
Principal Author: Guice
Code Sections: A 063-0019-0003, A 063-0019-0007, A 063-0019-0009, A 063-0019-0011, A 063-0019-0021, A 063-0019-0023, A 063-0019-0031, A 063-0019-0043, A 063-0019-0055, A 081-0021-0003, A 081-0021-0009, A 081-0021-0015, A 075-0015-0031, A 075-0067-0215, A 075-0067-0321, A 075-0067-0333, A 075-0067-0341, A 075-0067-0419, A 075-0067-0431, A 075-0067-0433, A 081-0019-0015, A 081-0019-0017, A 081-0019-0019
Title: AN ACT TO AMEND SECTION 63-19-3, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERMS "MOTOR VEHICLE" AND "COMMERCIAL VEHICLE" IN THE MOTOR VEHICLE SALES FINANCE LAW; TO AMEND SECTION 63-19-7, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A SEPARATE LICENSE IS REQUIRED FOR EACH OFFICE DOING BUSINESS UNDER THE MOTOR VEHICLE SALES FINANCE LAW; TO AMEND SECTION 63-19-9, MISSISSIPPI CODE OF 1972, TO REQUIRE AN APPLICANT FOR LICENSE UNDER THE MOTOR VEHICLE SALES FINANCE LAW TO FILE A SURETY BOND; TO AMEND SECTIONS 63-19-11, 63-19-21 AND 63-19-23, MISSISSIPPI CODE OF 1972, TO CLARIFY THE LICENSE FEE REQUIREMENTS AND TO PROVIDE FOR RECORD KEEPING REQUIREMENTS UNDER THE MOTOR VEHICLE SALES FINANCE LAW; TO AMEND SECTION 63-19-31, MISSISSIPPI CODE OF 1972, TO CLARIFY THE ITEMS REQUIRED TO BE DISCLOSED IN THE MOTOR VEHICLE SALES FINANCE CONTRACT; TO AMEND SECTION 63-19-43, TO DELETE THE REQUIREMENT THAT THE COMMISSIONER OF BANKING ANNOUNCE CERTAIN DISCOUNT RATES AND INDICES WITH RESPECT TO MOTOR VEHICLE SALES FINANCE CONTRACTS; TO AMEND SECTION 63-19-55, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING TO IMPOSE CIVIL PENALTIES FOR VIOLATIONS OF THE MOTOR VEHICLE SALES FINANCE LAW; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN CHAPTER 19 OF TITLE 63 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A LICENSE UNDER THE MOTOR VEHICLE SALES FINANCE LAW; TO AMEND SECTION 81-21-3, MISSISSIPPI CODE OF 1972, TO REQUIRE AN APPLICANT FOR AN INSURANCE PREMIUM FINANCE COMPANY LICENSE TO FILE A SURETY BOND; TO AMEND SECTION 81-21-9, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR A CIVIL PENALTY AGAINST ANY INSURANCE PREMIUM FINANCE COMPANY WHICH FAILS TO TIMELY PAY THE REQUIRED LICENSE FEE; TO AMEND SECTION 81-21-15, MISSISSIPPI CODE OF 1972, TO CLARIFY THE METHOD OF COMPUTING THE INTEREST WHICH MAY BE CHARGED BY A PREMIUM FINANCE COMPANY; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN CHAPTER 21 OF TITLE 81 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A PREMIUM FINANCE COMPANY LICENSE; TO AMEND SECTION 75-15-31, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING TO IMPOSE CIVIL PENALTIES FOR VIOLATIONS OF THE SALE OF CHECKS LAW; TO CREATE NEW CODE SECTIONS TO BE CODIFIED WITHIN CHAPTER 15 OF TITLE 75 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A LICENSE UNDER THE SALE OF CHECKS LAW AND TO AUTHORIZE THE COMMISSIONER TO PROMULGATE RULES AND REGULATIONS THEREUNDER; TO AMEND SECTION 75-67-215, TO AUTHORIZE THE COMMISSIONER OF BANKING TO IMPOSE CIVIL PENALTIES FOR VIOLATIONS OF THE SMALL LOAN PRIVILEGE TAX LAW; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN ARTICLE 5 OF CHAPTER 67 OF TITLE 75 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A LICENSE UNDER THE SMALL LOAN PRIVILEGE TAX LAW; TO AMEND SECTION 75-67-321, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT THE COMMISSIONER OF BANKING GIVE WRITTEN NOTICE TO A PAWNSHOP LICENSEE OF A DELINQUENT ANNUAL FEE; TO AMEND SECTION 75-67-333, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; TO AMEND SECTION 75-67-341, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE THE BOOKS AND RECORDS OF PAWNSHOP LICENSEES WITHOUT NOTICE DURING NORMAL BUSINESS HOURS; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN ARTICLE 7 OF CHAPTER 67 OF TITLE 75 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A PAWNSHOP LICENSE; TO AMEND SECTION 75-67-419, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT THE COMMISSIONER OF BANKING GIVE WRITTEN NOTICE TO A TITLE PLEDGE LENDER OF A DELINQUENT ANNUAL FEE; TO AMEND SECTION 75-67-431, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; TO AMEND SECTION 75-67-433, MISSISSIPPI CODE OF 1972, TO CHANGE THE WORD "PAWNED" TO "PLEDGED" AS IT RELATES TO THE TITLE PLEDGE LOAN ACT; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN ARTICLE 9 OF CHAPTER 67 OF TITLE 75 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A LICENSE UNDER THE TITLE PLEDGE LOAN ACT; TO AMEND SECTION 81-19-15, MISSISSIPPI CODE OF 1972, TO REVISE THE PENALTY FOR FAILURE TO PAY THE FEE FOR A CONSUMER LOAN BROKER LICENSE; TO AMEND SECTION 81-19-17, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING TO IMPOSE ADMINISTRATIVE FINES FOR VIOLATIONS OF THE CONSUMER LOAN BROKER ACT; TO AMEND SECTION 81-19-19, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SUCH ADMINISTRATIVE FINES SHALL BE DEPOSITED INTO THE CONSUMER FINANCE FUND AND NOT THE STATE GENERAL FUND; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN CHAPTER 19 OF TITLE 81 TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A CONSUMER LOAN BROKER LICENSE; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB1636.htm