Mississippi Legislature

1999 Regular Session

Senate Bill 2074

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Check Cashing Act; clarify maximum fee allowed for delayed deposit check.

History of Actions:

101/05/99(S)Referred To Business and Financial Institutions
202/02/99(S)Died In Committee

Background Information:

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

Senate Committee:

Principal Author: White (5th)

Code Section: A 075-0067-0519

Title: AN ACT TO AMEND SECTION 75-67-519, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT A CHECK CASHING LICENSEE SHALL NOT CHARGE ANY FEE OR OTHER CONSIDERATION FOR CASHING A DELAYED DEPOSIT CHECK IN EXCESS OF 18% OF THE AMOUNT ADVANCED TO THE CUSTOMER; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/02/99 at 17:10.



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