Mississippi Legislature
2006 Regular Session

Senate Bill 2439

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Bill Text

History of Actions

Background

Title

Description: MS Debt Management Services Act; expand scope and extend repealer.

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

History of Actions:

1 01/10 (S) Referred To Business and Financial Institutions
2 01/19 (S) Title Suff Do Pass
3 02/01 (S) Passed
4 02/02 (S) Transmitted To House
5 02/08 (H) Referred To Banking and Financial Services
6 02/14 (H) Title Suff Do Pass
7 03/01 (H) Passed
8 03/02 (H) Transmitted To Senate
9 03/07 (S) Enrolled Bill Signed
10 03/08 (H) Enrolled Bill Signed
11 03/15 Approved by Governor

Background Information:

Effective dateJuly 1, 2006
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths
Chapter number398

Senate Committee:

House Committee:

Principal Author: King

Additional Authors: Mettetal, Frazier

Code Sections: RA 081-0022-0001, RA 081-0022-0003, RA 081-0022-0005, RA 081-0022-0007, RA 081-0022-0009, RA 081-0022-0011, RA 081-0022-0013, RA 081-0022-0015, RA 081-0022-0017, R 081-0022-0019, R 081-0022-0021, RA 081-0022-0023, R 081-0022-0025, R 081-0022-0027, RP 081-0022-0029

Title: AN ACT TO REENACT SECTIONS 81-22-1 THROUGH 81-22-27, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MISSISSIPPI DEBT MANAGEMENT SERVICES ACT; TO AMEND SECTION 81-22-1, MISSISSIPPI CODE OF 1972, TO REVISE THE SHORT TITLE OF THE ACT; TO AMEND SECTION 81-22-3, MISSISSIPPI CODE OF 1972, TO DEFINE CERTAIN TERMS; TO AMEND SECTION 81-22-5, MISSISSIPPI CODE OF 1972, TO ALLOW FOR-PROFIT ORGANIZATIONS TO APPLY FOR AND RECEIVE A LICENSE UNDER THE ACT; TO AMEND SECTION 81-22-7, MISSISSIPPI CODE OF 1972, TO MAKE A TECHNICAL CORRECTION; TO AMEND SECTION 81-22-9, MISSISSIPPI CODE OF 1972, TO CHANGE THE WORD "TRUST" TO "ESCROW"; TO AMEND SECTION 81-22-11, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT THE STATE LICENSE NUMBER OF THE DEBT MANAGEMENT SERVICE PROVIDER MUST BE INCLUDED IN THE WRITTEN AGREEMENT; TO AMEND SECTION 81-22-13, MISSISSIPPI CODE OF 1972, TO REVISE THE FEES WHICH MAY BE CHARGED TO THE CONSUMER; TO AMEND SECTION 81-22-15, MISSISSIPPI CODE OF 1972, TO REQUIRE VERIFICATION OF PAYMENTS TO CREDITORS BY LICENSEE THAT PARTICIPATE IN FAIR SHARE CONTRIBUTIONS; TO AMEND SECTIONS 81-22-17 AND 81-22-23, MISSISSIPPI CODE OF 1972, TO MAKE TECHNICAL CORRECTIONS; TO CREATE NEW SECTION 81-22-28, MISSISSIPPI CODE OF 1972, TO REGULATE THE USE OF A THIRD-PARTY PAYMENT PROCESSOR; TO CREATE NEW SECTION 81-22-31, MISSISSIPPI CODE 0F 1972, TO CODIFY AND EXTEND THE REPEALER ON THIS ACT; TO REPEAL SECTION 16, CHAPTER 465, LAWS OF 2003, WHICH PROVIDES FOR THE REPEAL OF THIS ACT BY GENERAL LAW; TO REPEAL SECTION 81-22-29, MISSISSIPPI CODE OF 1972, WHICH PROVIDES AN APPLICATION DEADLINE FOR EXISTING NONPROFIT CORPORATIONS ENGAGED IN THE BUSINESS OF DEBT ADJUSTING; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/07/06 at 08:00.

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