Mississippi Legislature
2001 Regular Session

Senate Bill 2411

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Bill Text

History of Actions

Amendments

Background

Title

Description: MS Check Cashers Act; revise licensing requirements and civil penalties, and extend repealer.

Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]

History of Actions:

1 01/11 (S) Referred To Business and Financial Institutions
2 01/16 (S) Title Suff Do Pass Comm Sub
3 01/31 (S) Committee Substitute Adopted
4 01/31 (S) Passed
5 02/02 (S) Transmitted To House
6 02/07 (H) Referred To Banks and Banking
7 02/23 (H) Title Suff Do Pass As Amended
8 03/01 (H) Amended
9 03/01 (H) Failed
10 03/01 (H) Motion to Reconsider Entered
11 03/07 (H) Reconsidered
12 03/07 (H) Amended
13 03/07 (H) Passed As Amended
14 03/09 (H) Returned For Concurrence
15 03/20 (S) Decline to Concur/Invite Conf
16 03/22 (S) Conferees Named Mettetal,Browning,Frazier
17 03/23 (H) Conferees Named Guice,Howell,Stringer
18 03/23 (H) Conference Report Filed
19 03/23 (S) Conference Report Filed
20 03/26 (S) Conference Report Adopted
21 03/26 (H) Conference Report Adopted
22 03/29 (S) Enrolled Bill Signed
23 03/29 (H) Enrolled Bill Signed
24 04/07 Approved by Governor

Amendments/Conference Report:

Adopted [H] Amendment No 1
Adopted [H] Amendment No 1 to Amendment No 1

Conference Report

Background Information:

Effective datePassage
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths
Chapter number534

Senate Committee:

House Committee:

Principal Author: Mettetal

Code Sections: A 075-0067-0505, A 075-0067-0515, A 075-0067-0519, A 075-0067-0525, A 075-0067-0539

Title: AN ACT TO AMEND SECTION 75-67-505, MISSISSIPPI CODE OF 1972, TO REVISE THE LICENSING REQUIREMENTS FOR A CHECK CASHING BUSINESS AND TO PROVIDE THAT A LICENSEE WHO FAILS TO PAY THE ANNUAL RENEWAL FEE SHALL BE LIABLE FOR THE FULL AMOUNT OF THE LICENSE FEE PLUS A PENALTY; TO AMEND SECTION 75-67-515, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT NOTHING IN THIS ARTICLE SHALL PROHIBIT A LICENSEE FROM ISSUING COUPONS TO CUSTOMERS WHICH ARE REDEEMABLE AGAINST A DEFERRED DEPOSIT TRANSACTION PROVIDED THE REDEMPTION RESULTS IN A FINANCIAL BENEFIT TO THE CUSTOMER ON CURRENT OR FUTURE TRANSACTIONS; TO AMEND SECTION 75-67-519, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A LICENSEE TO CHARGE A FEE FOR A RETURNED CHECK DUE TO INSUFFICIENT FUNDS IF THE FEE IS IN THE WRITTEN AGREEMENT; TO AUTHORIZE A LICENSEE TO RECEIVE COURT-AWARDED FEES IN A LEGAL ACTION TAKEN TO COLLECT THE AMOUNT OF A DELAYED DEPOSIT CHECK; TO AMEND SECTION 75-67-525, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY PERSON WHO ENGAGES IN THE BUSINESS OF CHECK CASHING WITHOUT FIRST SECURING A LICENSE SHALL BE LIABLE FOR THE FULL AMOUNT OF THE LICENSE FEE PLUS A PENALTY; TO CREATE A NEW CODE SECTION TO PROHIBIT THE ADVERTISING, DISPLAYING OR PUBLISHING OF FALSE OR MISLEADING STATEMENTS BY A LICENSEE; TO AMEND SECTION 75-67-539, MISSISSIPPI CODE OF 1972, TO EXTEND THE REPEALER ON THE MISSISSIPPI CHECK CASHERS ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/17/01 at 00:01.

End Of Document
2001/pdf/History/SB/SB2411.htm