Mississippi Legislature
2001 Regular Session

House Bill 1285

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Bill Text

History of Actions

Background

Title

Description: Lenders; increase amount of service charge for NSF check used to pay loan.

Bill Text: [Introduced]

History of Actions:

1 01/15 (H) Referred To Banks and Banking
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2001
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Guice

Code Sections: A 097-0019-0081, RP 075-0067-0122

Title: AN ACT TO AMEND SECTION 97-19-81, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF THE FEE OR SERVICE CHARGE THAT LENDERS MAY ADD TO THE UNPAID BALANCE OF A LOAN WHEN A BORROWER PAYS ALL OR PART OF THE LOAN BY CHECK, THE CHECK IS RETURNED BECAUSE OF INSUFFICIENT FUNDS, AND THE LENDER IS CHARGED A FEE OR SERVICE CHARGE AS A RESULT OF THAT RETURN; TO REPEAL SECTION 75-67-122, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES SMALL LOAN LICENSEES TO CHARGE AND COLLECT A BAD CHECK CHARGE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/01 at 18:19.

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2001/html/History/HB/HB1285.htm