Mississippi Legislature
2004 Regular Session

Senate Bill 2088

Main Menu


Bill Text

History of Actions

Background

Title

Description: Consumer Loan Broker Act; exclude CPA's from registration under.

Bill Text: [Introduced] [Committee Substitute] [Passed Senate]

History of Actions:

1 01/15 (S) Referred To Business and Financial Institutions
2 03/02 (S) Title Suff Do Pass Comm Sub
3 03/11 (S) Committee Substitute Adopted
4 03/11 (S) Passed
5 03/12 (S) Transmitted To House
6 03/15 (H) Referred To Banking and Financial Services
7 04/06 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

Senate Committee:

House Committee:

Principal Author: Huggins

Additional Author: Dearing

Code Sections: A 081-0019-0007, A 081-0019-0023, A 081-0019-0029

Title: AN ACT TO AMEND SECTION 81-19-7, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTIFIED PUBLIC ACCOUNTANTS FROM THE PROVISIONS OF THE CONSUMER LOAN BROKER ACT; TO PROVIDE THAT ATTORNEYS AND CERTIFIED PUBLIC ACCOUNTANTS EXEMPTED FROM THE ACT ARE STILL SUBJECT TO THE PROVISIONS OF THE ACT EXCEPT FOR THE REQUIREMENTS OF OBTAINING A LICENSE AND POSTING A BOND; TO AMEND SECTION 81-19-23, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CONSUMER LOAN BROKER SHALL NOT CHARGE A SERVICE CHARGE EXCEEDING THREE PERCENT OF THE ORIGINAL PRINCIPAL AMOUNT OF THE LOAN OR A FEE OF TWENTY-FIVE DOLLARS, WHICHEVER IS GREATER; TO AMEND SECTION 81-19-29, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO ENTER ORDERS THAT REQUIRE PERSONS TO REFRAIN FROM VIOLATING THE CONSUMER LOAN BROKER ACT, AFTER RECEIVING A COMPLAINT THAT A PERSON IS VIOLATING THE ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/06/04 at 18:02.

End Of Document
2004/pdf/History/SB/SB2088.htm