Mississippi Legislature
2004 Regular Session

Senate Bill 2928

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Bill Text

History of Actions

Background

Title

Description: Motor vehicles; require licensing and regulation of motor vehicle repossessions.

Bill Text: [Introduced]

History of Actions:

1 02/23 (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 requiredThree/Fifths

Senate Committee:

Principal Author: Huggins

Title: AN ACT TO PROVIDE FOR THE LICENSING AND REGULATION OF PERSONS WHO ENGAGE IN THE BUSINESS OF REPOSSESSING MOTOR VEHICLES; TO EXEMPT CERTAIN INDIVIDUALS FROM THE PROVISIONS OF THIS ACT; TO PROVIDE THAT THE SECRETARY OF STATE SHALL ADMINISTER THIS ACT; TO PROVIDE FOR APPLICATIONS FOR LICENSES UNDER THIS ACT; TO PROVIDE FOR THE MINIMUM REQUIREMENTS FOR LICENSING UNDER THIS ACT; TO PROVIDE FOR THE INVESTIGATION OF APPLICANTS BY THE SECRETARY OF STATE; TO REQUIRE AGENCIES LICENSED UNDER THIS ACT TO MAINTAIN CERTAIN GENERAL LIABILITY INSURANCE COVERAGE; TO PROVIDE FOR THE FORM OF THE LICENSE AND IDENTITY CARDS; TO PROVIDE FOR THE RENEWAL AND CANCELLATION OF LICENSES; TO AUTHORIZE LICENSEES TO SPONSOR INTERNS; TO ESTABLISH A SPECIAL FUND IN THE STATE TREASURY INTO WHICH FEES COLLECTED UNDER THIS ACT SHALL BE DEPOSITED; TO PROVIDE THAT THE MONEY IN THE FUND SHALL BE APPROPRIATED TO THE SECRETARY OF STATE FOR THE ADMINISTRATION OF THIS ACT; TO PROVIDE THE GROUNDS FOR DISCIPLINARY ACTION BY THE SECRETARY OF STATE; TO PROVIDE PENALTIES FOR VIOLATIONS OF THIS ACT; TO PROVIDE FOR THE TYPES OF LICENSES THAT MAY BE ISSUED UNDER THIS ACT; TO ESTABLISH THE FEES FOR SUCH LICENSES; TO REQUIRE AN INVENTORY OF PERSONAL PROPERTY FOUND IN REPOSSESSED VEHICLES; AND FOR RELATED PURPOSES.


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

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