Bill Text | History of Actions | Background | Title |
Description: Consumer Loan Broker Act; exclude CPA's from registration under.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate]
| 1 | 01/15 (S) Referred To Business and Financial Institutions | |
| 2 | 03/02 (S) Title Suff Do Pass Comm Sub | |
| 3 | 03/11 (S) Committee Substitute Adopted | |
| 4 | 03/11 (S) Passed | |
| 5 | 03/12 (S) Transmitted To House | |
| 6 | 03/15 (H) Referred To Banking and Financial Services | |
| 7 | 04/06 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
House Committee:
Principal Author: Huggins
Additional Author: Dearing
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 ARE STILL 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 THAT REQUIRE PERSONS TO REFRAIN FROM VIOLATING THE CONSUMER LOAN BROKER ACT, AFTER RECEIVING A COMPLAINT THAT A PERSON IS VIOLATING THE ACT; AND FOR RELATED PURPOSES.
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2004/html/History/SB/SB2088.htm