Mississippi Legislature
2007 Regular Session

House Bill 1136

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Bill Text

History of Actions

Background

Title

Description: Check Cashers Act; require continuing education and authorize commission to impose penalties for Act violations.

Bill Text: [Introduced]

History of Actions:

1 01/15 (H) Referred To Banking and Financial Services
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

House Committee:

Principal Author: Perkins*

Code Sections: A 075-0067-0509, A 075-0067-0515, A 075-0067-0519, A 075-0067-0527

Title: AN ACT TO AMEND SECTION 75-67-509, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY PERSON WHO HAS BEEN CONVICTED OF A FELONY SHALL NOT BE ELIGIBLE FOR A LICENSE AS A CHECK CASHER; TO AMEND SECTION 75-67-515, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER OF BANKING SHALL IMPOSE A CIVIL PENALTY AGAINST A CHECK CASHER LICENSEE FOR INITIATING CRIMINAL PROCEEDINGS FOR AN OVERDRAWN CHECK; TO REQUIRE LICENSEES TO ATTEND ANNUAL CONTINUING EDUCATION TRAINING; TO AMEND SECTION 75-67-519, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER SHALL IMPOSE A CIVIL PENALTY AGAINST A LICENSEE FOR RENEWING OR EXTENDING A DELAYED DEPOSIT CHECK OR ACCEPTING REPAYMENT OF A DELAYED DEPOSIT CHECK WITH THE PROCEEDS OF ANOTHER CHECK CASHED BY THE SAME LICENSEE; TO AMEND SECTION 75-67-527, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF A CIVIL PENALTY THAT THE COMMISSIONER MAY IMPOSE AGAINST A LICENSEE FOR VIOLATIONS OF THE CHECK CASHERS ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/07 at 18:55.

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2007/pdf/History/HB/HB1136.htm