2016
Regular Session
MS Consumer Alternative Installment Loan Act; create.
AN ACT TO BE KNOWN AS THE MISSISSIPPI CONSUMER ALTERNATIVE INSTALLMENT LOAN ACT; TO PROHIBIT ENGAGING IN THE BUSINESS OF MAKING CONSUMER INSTALLMENT LOANS AND CHARGING OR CONTRACTING FOR INTEREST ON THOSE LOANS WITHOUT APPROVAL FROM THE COMMISSIONER OF BANKING AND CONSUMER FINANCE; TO PROVIDE THAT THE COMMISSIONER OF BANKING AND CONSUMER FINANCE SHALL NOT UNREASONABLY WITHHOLD APPROVAL OF ANY PERSON, PARTNERSHIP, ASSOCIATION, LIMITED LIABILITY COMPANY OR CORPORATION WHO HAS MET CERTAIN REQUIREMENTS; TO PRESCRIBE THE MAXIMUM CHARGES PERMITTED FOR LOANS MADE BY LICENSEES UNDER THIS ACT AND THE METHOD OF COMPUTING THOSE CHARGES; TO PRESCRIBE THE TERMS OF LOANS MADE BY LICENSEES UNDER THIS ACT; TO AUTHORIZE THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO ADOPT RULES AND REGULATIONS NECESSARY FOR THE ENFORCEMENT OF THIS ACT; TO PROVIDE CERTAIN LIABILITY PROTECTIONS TO LICENSEES; TO CREATE NEW SECTION 75-67-123, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR PURPOSES OF COMPLIANCE WITH MAXIMUM CHARGES PERMITTED UNDER CERTAIN PROVISIONS OF LAW, ANY CHARGES, FEES OR PREMIUMS FOR CREDIT INSURANCE OR AUTO CLUB MEMBERSHIPS SHALL NOT BE INCLUDED IN THE CALCULATION OF THE FINANCE CHARGE; TO AMEND SECTIONS 75-17-21, 75-17-25 AND 75-67-119, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
06/27/2016 at 11:17
H
B
1511
House Bill 1511
HB 1511
H
Law
General Bill/Constitutional Amendment
No
Majority
July 1, 2016
301
Banking and Financial Services
F
../../House_cmtes/BB.xml
Business and Financial Institutions
F
../../Senate_cmtes/BF.xml
Zuber
../../House_authors/Zuber.xml
A
../../code_sections/075/00170021.xml
A
../../code_sections/075/00170025.xml
A
../../code_sections/075/00670119.xml
1
02/08 (H) Referred To Banking and Financial Services
2
02/16 (H) Title Suff Do Pass As Amended
3
02/18 (H) Amended
4
02/18 (H) Passed As Amended
../../../../2016/pdf/votes/house/0450002.pdf
5
02/22 (H) Transmitted To Senate
6
02/29 (S) Referred To Business and Financial Institutions
7
03/01 (S) Title Suff Do Pass
8
03/02 (S) Passed
../../../../2016/pdf/votes/senate/0580029.pdf
9
03/03 (S) Returned For Enrolling
10
03/07 (H) Enrolled Bill Signed
11
03/07 (S) Enrolled Bill Signed
12
03/14 Approved by Governor
../../../../documents/2016/pdf/HB/1500-1599/HB1511SG.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1511SG.pdf
../../../../documents/2016/html/HB/1500-1599/HB1511SG.htm
../../../../documents/2016/pdf/HB/1500-1599/HB1511IN.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1511IN.pdf
../../../../documents/2016/html/HB/1500-1599/HB1511IN.htm
../../../../documents/2016/pdf/HB/1500-1599/HB1511PS.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1511PS.pdf
../../../../documents/2016/html/HB/1500-1599/HB1511PS.htm
../../../../documents/2016/pdf/HB/1500-1599/HB1511SG.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1511SG.pdf
../../../../documents/2016/html/HB/1500-1599/HB1511SG.htm
Committee Amendment No 1
Adopted
../../../../documents/2016/pdf/ham/HB1511_H_Cmte_Amend_01.pdf
../../../../../documents/2016/html/ham/HB1511_H_Cmte_Amend_01.htm
Voice Vote
N
../../../../documents/2016/pdf/fiscalnotes/HB1511.pdf