Bill Text | History of Actions | Background | Title |
Description: Lenders; increase amount of service charge for NSF check used to pay loan.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Banks and Banking | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Guice
Code Sections: A 097-0019-0081, RP 075-0067-0122
Title: AN ACT TO AMEND SECTION 97-19-81, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF THE FEE OR SERVICE CHARGE THAT LENDERS MAY ADD TO THE UNPAID BALANCE OF A LOAN WHEN A BORROWER PAYS ALL OR PART OF THE LOAN BY CHECK, THE CHECK IS RETURNED BECAUSE OF INSUFFICIENT FUNDS, AND THE LENDER IS CHARGED A FEE OR SERVICE CHARGE AS A RESULT OF THAT RETURN; TO REPEAL SECTION 75-67-122, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES SMALL LOAN LICENSEES TO CHARGE AND COLLECT A BAD CHECK CHARGE; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB1285.htm