Description: Check Cashing Act; clarify maximum fee allowed for delayed deposit check.
History of Actions:
|1||01/05/99||(S)||Referred To Business and Financial Institutions|
|2||02/02/99||(S)||Died In Committee|
|Effective date||July 1, 1999|
|Deadline||General Bill/Constitutional Amendment|
|3/5ths vote required||No|
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.
End Of Document