Mississippi Legislature
2001 Regular Session

Senate Bill 2978

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Description: Usury statute; revise maximum charges for late payments.

Bill Text: [Introduced] [Committee Substitute]

History of Actions:

1		01/15 (S) Referred To Business and Financial Institutions
2		01/23 (S) Title Suff Do Pass Comm Sub
3		02/06 (S) Committee Substitute Adopted
4		02/06 (S) Failed

Amendments:

Not Germane

[S]

Amendment No 1

Background Information:

Effective date		Passage
Disposition		Dead
Deadline		General Bill/Constitutional Amendment
Revenue		No
Vote type required		Majority

Senate Committee:

• Business and Financial Institutions

Principal Author: Mettetal

Code Sections: A 075-0017-0027, A 063-0019-0035, RP 075-0017-0015

Title: AN ACT TO AMEND SECTION 75-17-27, MISSISSIPPI CODE OF 1972, TO REVISE USURY STATUTE SETTING FORTH THE MAXIMUM CHARGES FOR LATE PAYMENTS; TO AMEND SECTION 63-19-35, MISSISSIPPI CODE OF 1972, TO CONFORM THE DELINQUENCY AND COLLECTION CHARGES ALLOWED UNDER THE MOTOR VEHICLE SALES FINANCE LAW; TO REPEAL SECTION 75-17-15, MISSISSIPPI CODE OF 1972, WHICH ALLOWS SMALL LOAN LICENSEES TO COLLECT A DEFAULT CHARGE ON CERTAIN TRANSACTIONS; AND FOR RELATED PURPOSES.

Information pertaining to this measure was last updated on 02/08/01 at 01:02.

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