Bill Text | History of Actions | Background | Title |
Description: Consumer loan broker act; amend certain provisions of.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 02/11 (H) Referred To Banking and Financial Services | |
| 2 | 03/02 (H) Title Suff Do Pass Comm Sub | |
| 3 | 03/11 (H) Committee Substitute Adopted | |
| 4 | 03/11 (H) Passed | |
| 5 | 03/12 (H) Transmitted To Senate | |
| 6 | 03/16 (S) Referred To Business and Financial Institutions | |
| 7 | 03/30 (S) Title Suff Do Pass | |
| 8 | 04/07 (S) Passed | |
| 9 | 04/08 (S) Transmitted To House | |
| 10 | 04/13 (H) Enrolled Bill Signed | |
| 11 | 04/14 (S) Enrolled Bill Signed | |
| 12 | 04/20 Approved by Governor |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 370 |
House Committee:
Senate Committee:
Principal Author: McCoy
Code Sections: A 081-0019-0007, A 081-0019-0023, A 081-0019-0029
Title: AN ACT TO AMEND SECTION 81-19-7, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTIFIED PUBLIC ACCOUNTANTS FROM THE PROVISIONS OF THE CONSUMER LOAN BROKER ACT; TO PROVIDE THAT ATTORNEYS AND CERTIFIED PUBLIC ACCOUNTANTS EXEMPTED FROM THE ACT STILL ARE SUBJECT TO THE PROVISIONS OF THE ACT EXCEPT FOR THE REQUIREMENTS OF OBTAINING A LICENSE AND POSTING A BOND; TO AMEND SECTION 81-19-23, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CONSUMER LOAN BROKER SHALL NOT CHARGE A SERVICE CHARGE EXCEEDING THREE PERCENT OF THE ORIGINAL PRINCIPAL AMOUNT OF THE LOAN OR A FEE OF TWENTY-FIVE DOLLARS, WHICHEVER IS GREATER; TO AMEND SECTION 81-19-29, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO ENTER ORDERS TO REQUIRE PERSONS TO REFRAIN FROM VIOLATING THE CONSUMER LOAN BROKER ACT; AND FOR RELATED PURPOSES.
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2004/html/History/HB/HB0924.htm