Mississippi Legislature

1999 Regular Session

House Bill 1128

[Introduced] [Committee Substitute] [Passed House] [Sent to Governor]

Instructions Bill Status Menu




History of Actions

Amendments

Background

Title

Description: Consumer loan brokers; limit payments and fees from borrowers to 6% of loan amount.

History of Actions:

101/18/99(H)Referred To Banks and Banking
201/27/99(H)Title Suff Do Pass Comm Sub
302/04/99(H)Committee Substitute Adopted
402/04/99(H)Passed
502/08/99(H)Transmitted To Senate
602/09/99(S)Referred To Business and Financial Institutions
703/02/99(S)Title Suff Do Pass
803/09/99(S)Amended
903/09/99(S)Passed As Amended
1003/10/99(S)Returned For Concurrence
1103/17/99(H)Decline to Concur/Invite Conf
1203/23/99(H)Conferees Named Guice,Rogers,Evans
1303/25/99(S)Conferees Named Woodfield,Gordon,Hewes
1403/28/99(H)Conference Report Filed
1503/28/99(S)Conference Report Filed
1603/29/99(H)Conference Report Adopted
1703/30/99(S)Conference Report Adopted
1804/06/99(H)Enrolled Bill Signed
1904/07/99(S)Enrolled Bill Signed
2004/15/99Approved by Governor

Amendments/Conference Report:

Adopted [S] Amendment No 1

Conference Report

Background Information:

Effective dateJuly 1, 1999
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo
Chapter number505

House Committee:

Senate Committee:

Principal Author: Guice

Code Section: A 081-0019-0023

Title: AN ACT TO AMEND SECTION 81-19-23, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CONSUMER LOAN BROKER SHALL NOT CHARGE OR COLLECT ANY SERVICE CHARGE OR ADVANCE FEE FROM A BORROWER THAT EXCEEDS SIX PERCENT OF THE ORIGINAL PRINCIPAL AMOUNT OF THE LOAN; TO AUTHORIZE THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO INVESTIGATE AND RESOLVE CONSUMER COMPLAINTS AND DISPUTES AGAINST MORTGAGE COMPANIES; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/28/99 at 00:00.



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