Mississippi Legislature
2004 Regular Session

Senate Bill 2688

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Bill Text

History of Actions

Background

Title

Description: Small loan companies; provide remedies and penalties for violations of statutory and common law.

Bill Text: [Introduced]

History of Actions:

1 02/19 (S) Referred To Business and Financial Institutions
2 03/09 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2004
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

Senate Committee:

Principal Author: Robertson

Code Sections: A 075-0067-0137, A 075-0067-0127, RP 075-0067-0119

Title: AN ACT TO AMEND SECTION 75-67-137, MISSISSIPPI CODE OF 1972, TO PROVIDE REMEDIES AND PENALTIES FOR VIOLATIONS OF THE SMALL LOAN REGULATORY LAW AND VIOLATIONS OF COMMON-LAW DUTIES OF SMALL LOAN LICENSEES; TO PROVIDE THAT THE REMEDIES AND PENALTIES PROVIDED UNDER THIS ACT ARE EXCLUSIVE; TO AMEND SECTION 75-67-127, MISSISSIPPI CODE OF 1972, TO DELETE THE PROVISION WHICH PROVIDES PENALTIES FOR VIOLATING CERTAIN REQUIREMENTS FOR THE MAKING AND PAYMENT OF SMALL LOANS; TO REPEAL SECTION 75-67-119, MISSISSIPPI CODE OF 1972, WHICH PROVIDES CIVIL AND CRIMINAL PENALTIES FOR THE IMPOSITION OF EXCESSIVE FINANCE CHARGES UNDER THE SMALL LOAN REGULATORY LAW; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/09/04 at 17:46.

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