Bill Text | History of Actions | Amendments | Background | Title |
Description: MS Check Cashers Act; revise licensing requirements and civil penalties, and extend repealer.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 01/11 (S) Referred To Business and Financial Institutions | |
| 2 | 01/16 (S) Title Suff Do Pass Comm Sub | |
| 3 | 01/31 (S) Committee Substitute Adopted | |
| 4 | 01/31 (S) Passed | |
| 5 | 02/02 (S) Transmitted To House | |
| 6 | 02/07 (H) Referred To Banks and Banking | |
| 7 | 02/23 (H) Title Suff Do Pass As Amended | |
| 8 | 03/01 (H) Amended | |
| 9 | 03/01 (H) Failed | |
| 10 | 03/01 (H) Motion to Reconsider Entered | |
| 11 | 03/07 (H) Reconsidered | |
| 12 | 03/07 (H) Amended | |
| 13 | 03/07 (H) Passed As Amended | |
| 14 | 03/09 (H) Returned For Concurrence | |
| 15 | 03/20 (S) Decline to Concur/Invite Conf | |
| 16 | 03/22 (S) Conferees Named Mettetal,Browning,Frazier | |
| 17 | 03/23 (H) Conferees Named Guice,Howell,Stringer | |
| 18 | 03/23 (H) Conference Report Filed | |
| 19 | 03/23 (S) Conference Report Filed | |
| 20 | 03/26 (S) Conference Report Adopted | |
| 21 | 03/26 (H) Conference Report Adopted | |
| 22 | 03/29 (S) Enrolled Bill Signed | |
| 23 | 03/29 (H) Enrolled Bill Signed | |
| 24 | 04/07 Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Adopted | [H] | Amendment No 1 to Amendment No 1 |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 534 |
Senate Committee:
House Committee:
Principal Author: Mettetal
Code Sections: A 075-0067-0505, A 075-0067-0515, A 075-0067-0519, A 075-0067-0525, A 075-0067-0539
Title: AN ACT TO AMEND SECTION 75-67-505, MISSISSIPPI CODE OF 1972, TO REVISE THE LICENSING REQUIREMENTS FOR A CHECK CASHING BUSINESS AND TO PROVIDE THAT A LICENSEE WHO FAILS TO PAY THE ANNUAL RENEWAL FEE SHALL BE LIABLE FOR THE FULL AMOUNT OF THE LICENSE FEE PLUS A PENALTY; TO AMEND SECTION 75-67-515, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT NOTHING IN THIS ARTICLE SHALL PROHIBIT A LICENSEE FROM ISSUING COUPONS TO CUSTOMERS WHICH ARE REDEEMABLE AGAINST A DEFERRED DEPOSIT TRANSACTION PROVIDED THE REDEMPTION RESULTS IN A FINANCIAL BENEFIT TO THE CUSTOMER ON CURRENT OR FUTURE TRANSACTIONS; TO AMEND SECTION 75-67-519, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A LICENSEE TO CHARGE A FEE FOR A RETURNED CHECK DUE TO INSUFFICIENT FUNDS IF THE FEE IS IN THE WRITTEN AGREEMENT; TO AUTHORIZE A LICENSEE TO RECEIVE COURT-AWARDED FEES IN A LEGAL ACTION TAKEN TO COLLECT THE AMOUNT OF A DELAYED DEPOSIT CHECK; TO AMEND SECTION 75-67-525, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY PERSON WHO ENGAGES IN THE BUSINESS OF CHECK CASHING WITHOUT FIRST SECURING A LICENSE SHALL BE LIABLE FOR THE FULL AMOUNT OF THE LICENSE FEE PLUS A PENALTY; TO CREATE A NEW CODE SECTION TO PROHIBIT THE ADVERTISING, DISPLAYING OR PUBLISHING OF FALSE OR MISLEADING STATEMENTS BY A LICENSEE; TO AMEND SECTION 75-67-539, MISSISSIPPI CODE OF 1972, TO EXTEND THE REPEALER ON THE MISSISSIPPI CHECK CASHERS ACT; AND FOR RELATED PURPOSES.
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