Mississippi Legislature

1999 Regular Session

Senate Bill 2888

[Introduced]

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History of Actions

Background

Title

Description: Check Cashers Law; make various amendments and extend repealer.

History of Actions:

101/18/99(S)Referred To Business and Financial Institutions;Judiciary
201/28/99(S)DR - TSDPCS: BF To JU
302/02/99(S)Died In Committee

Background Information:

Effective dateJune 30, 1999
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

Senate Committees:

Principal Author: Woodfield

Code Sections: RA 075-0067-0501, RA 075-0067-0503, RA 075-0067-0505, RA 075-0067-0507, RA 075-0067-0509, RA 075-0067-0511, RA 075-0067-0513, RA 075-0067-0515, RA 075-0067-0517, RA 075-0067-0519, RA 075-0067-0521, RA 075-0067-0523, RA 075-0067-0525, RA 075-0067-0527, RA 075-0067-0529, RA 075-0067-0531, RA 075-0067-0533, RA 075-0067-0535, RA 075-0067-0537, A 075-0067-0539

Title: AN ACT TO REENACT SECTIONS 75-67-501 THROUGH 75-67-537, MISSISSIPPI CODE OF 1972, WHICH PROVIDE FOR THE LICENSURE AND REGULATION OF CHECK CASHERS BY THE DEPARTMENT OF BANKING AND CONSUMER FINANCE; TO AMEND REENACTED SECTION 75-67-501, MISSISSIPPI CODE OF 1972, TO DELETE THE DEFINITION OF THE TERM "CONSIDERATION"; TO AMEND REENACTED SECTIONS 75-67-505 AND 75-67-509, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE APPLICANT SHALL FILE THE APPLICATION AND BOND WITH THE COMMISSIONER OF BANKING, INSTEAD OF THE LOCAL AUTHORITIES; TO AMEND REENACTED SECTION 75-67-511, MISSISSIPPI CODE OF 1972, TO REVISE THE NET WORTH REQUIREMENTS FOR A CHECK CASHERS LICENSE; TO AMEND REENACTED SECTION 75-67-515, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER TO CHARGE AN EXAMINATION FEE; TO AMEND REENACTED SECTIONS 75-67-507, 75-67-517 AND 75-67-519, MISSISSIPPI CODE OF 1972, TO REMOVE THE AUTHORIZATION FOR CASHING CHECKS FOR ANY CONSIDERATION OTHER THAN A FEE; TO AMEND REENACTED SECTIONS 75-67-503, 75-67-513, 75-67-521, 75-67-523, 75-67-525, 75-67-527, 75-67-529, 75-67-531, 75-67-533, 75-67-535 AND 75-67-537, MISSISSIPPI CODE OF 1972, TO CHANGE REFERENCES TO CODE SECTION NUMBERS TO REFERENCES TO "THIS ARTICLE"; TO AMEND SECTION 75-67-539, MISSISSIPPI CODE OF 1972, TO EXTEND THE DATE OF THE REPEALER ON THE MISSISSIPPI CHECK CASHERS ACT; AND FOR RELATED PURPOSES.


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



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