Bill Text | History of Actions | Background | Title |
Description: Small loan companies; regulation on selling certain insurance and tax.
Bill Text: [Introduced]
| 1 | 01/12/00 | (H) | Referred To Banks and Banking;Ways and Means | |
| 2 | 03/29/00 | (H) | Died In Committee |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committees:
Principal Author: Guice
Code Sections: A 027-0021-0003, A 075-0067-0121, A 075-0067-0135, A 075-0067-0241
Title: AN ACT TO AMEND SECTION 27-21-3, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTAIN LOANS FROM THE FINANCE COMPANY PRIVILEGE TAX; TO AMEND SECTION 75-67-121, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE LICENSEE SHALL NOT CHARGE THE BORROWER FOR BOTH CREDIT LIFE INSURANCE AND NONCREDIT TERM LIFE INSURANCE AS PART OF THE SAME UNDERLYING LOAN; TO AMEND SECTION 75-67-135, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTAIN LOANS FROM THE SMALL LOAN REGULATORY LAW AND TO PROVIDE THAT THE SMALL LOAN REGULATORY LAW SHALL NOT LIMIT THE AMOUNT OR TYPE OF ANY NONCREDIT TERM LIFE INSURANCE POLICIES THAT A LICENSEE UNDER SUCH LAW MAY SELL TO A BORROWER UNDER CERTAIN CONDITIONS; TO AMEND SECTION 75-67-241, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTAIN LOANS FROM THE SMALL LOAN PRIVILEGE TAX LAW; AND FOR RELATED PURPOSES.
End Of Document
2000/html/History/HB/HB0164.htm