[Introduced] [Passed Senate] [Sent to Governor]
History of Actions | Amendments | Background | Title |
Description: Motor vehicle retail installment contracts; require disclosure of negative equity.
| 1 | 01/18/99 | (S) | Referred To Business and Financial Institutions | |
| 2 | 01/28/99 | (S) | Title Suff Do Pass | |
| 3 | 02/08/99 | (S) | Passed | |
| 4 | 02/09/99 | (S) | Transmitted To House | |
| 5 | 02/10/99 | (H) | Referred To Banks and Banking | |
| 6 | 02/22/99 | (H) | Title Suff Do Pass As Amended | |
| 7 | 03/03/99 | (H) | Amended | |
| 8 | 03/03/99 | (H) | Passed As Amended | |
| 9 | 03/04/99 | (H) | Returned For Concurrence | |
| 10 | 03/11/99 | (S) | Concurred in Amend From House | |
| 11 | 03/16/99 | (S) | Enrolled Bill Signed | |
| 12 | 03/16/99 | (H) | Enrolled Bill Signed | |
| 13 | 03/19/99 | Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Effective date | July 1, 1999 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No | |
| Chapter number | 426 |
Senate Committee:
House Committee:
Principal Author: Woodfield
Code Sections: A 063-0019-0031, A 075-0017-0001
Title: AN ACT TO AMEND SECTION 63-19-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A MOTOR VEHICLE RETAIL INSTALLMENT CONTRACT SHALL INCLUDE THE AMOUNT, IF ANY, ACTUALLY PAID OR TO BE PAID BY THE SELLER PURSUANT TO AN AGREEMENT WITH THE BUYER TO DISCHARGE A SECURITY INTEREST, LIEN OR LEASE INTEREST ON PROPERTY TRADED IN; TO AMEND SECTION 75-17-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NEGATIVE EQUITY MAY BE CAPITALIZED IN A MOTOR VEHICLE LEASE IF THE FINANCE CHARGE RATE ASSOCIATED WITH THE LEASE CONTRACT DOES NOT EXCEED THE LIMITATIONS FOR MOTOR VEHICLE PURCHASES; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/SB\SB2886.htm