Bill Text | History of Actions | Background | Title |
Description: Small loan licenses; revise certain provisions applicable to.
Bill Text: [Introduced]
| 1 | 02/09 (S) Referred To Business and Financial Institutions | |
| 2 | 03/09 (S) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Mettetal
Code Sections: A 075-0017-0027, A 063-0019-0035, A 075-0067-0115, A 075-0067-0215, 075-0017-0015
Title: AN ACT TO AMEND SECTION 75-17-27, MISSISSIPPI CODE OF 1972, TO MODIFY THE LATE PAYMENT CHARGES PERMITTED ON CERTAIN TRANSACTIONS; TO AMEND SECTION 63-19-35, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISION THE DELINQUENCY AND COLLECTION CHARGE PROVISIONS APPLICABLE TO COMMERCIAL VEHICLE SALES CONTRACTS AND MOTOR VEHICLE SALES FINANCE CONTRACTS; TO AMEND SECTION 75-67-115, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT THAT THE COMMISSIONER OF BANKING AND CONSUMER FINANCE MAY CHARGE LICENSEES UNDER THE SMALL LOAN REGULATORY LAW FOR EXPENSES OF EXAMINATIONS; TO AMEND SECTION 75-67-215, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER TO ENTER ORDERS THAT REQUIRE PERSONS TO REFRAIN FROM VIOLATING PROVISIONS OF THE SMALL LOAN PRIVILEGE TAX LAW; TO CREATE A NEW SECTION TO BE CODIFIED AS SECTION 75-67-139, MISSISSIPPI CODE OF 1972, TO AUTHORIZE MUNICIPALITIES TO ENACT ORDINANCES THAT ARE IN COMPLIANCE WITH, BUT NOT MORE RESTRICTIVE THAN, THE PROVISIONS OF THE SMALL LOAN REGULATORY LAW; TO CREATE A NEW SECTION TO BE CODIFIED AS SECTION 75-67-247, MISSISSIPPI CODE OF 1972, TO AUTHORIZE MUNICIPALITIES TO ENACT ORDINANCES THAT ARE IN COMPLIANCE WITH, BUT NOT MORE RESTRICTIVE THAN, THE PROVISIONS OF THE SMALL LOAN PRIVILEGE TAX LAW; TO REPEAL SECTION 75-17-15, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES SMALL LOAN LICENSEES TO COLLECT A DEFAULT CHARGE ON CERTAIN TRANSACTIONS; AND FOR RELATED PURPOSES.
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