Bill Text | History of Actions | Background | Title |
Description: Debt Management Services Act; extend repealer and expand scope.
Bill Text: [Introduced] [Passed House]
| 1 | 01/16 (H) Referred To Banking and Financial Services | |
| 2 | 01/24 (H) Title Suff Do Pass | |
| 3 | 02/01 (H) Passed | |
| 4 | 02/02 (H) Transmitted To Senate | |
| 5 | 02/06 (S) Referred To Business and Financial Institutions | |
| 6 | 02/28 (S) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Senate Committee:
Principal Author: Guice
Code Sections: RA 081-0022-0001, RA 081-0022-0003, RA 081-0022-0005, RA 081-0022-0007, RA 081-0022-0009, RA 081-0022-0011, RA 081-0022-0013, RA 081-0022-0015, RA 081-0022-0017, R 081-0022-0019, R 081-0022-0021, RA 081-0022-0023, R 081-0022-0025, R 081-0022-0027, RP 081-0022-0029
Title: AN ACT TO REENACT SECTIONS 81-22-1 THROUGH 81-22-27, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MISSISSIPPI DEBT MANAGEMENT SERVICES ACT; TO AMEND SECTION 81-22-1, MISSISSIPPI CODE OF 1972, TO REVISE THE SHORT TITLE OF THE ACT; TO AMEND SECTION 81-22-3, MISSISSIPPI CODE OF 1972, TO DEFINE CERTAIN TERMS; TO AMEND SECTION 81-22-5, MISSISSIPPI CODE OF 1972, TO ALLOW FOR-PROFIT ORGANIZATIONS TO APPLY FOR AND RECEIVE A LICENSE UNDER THE ACT; TO AMEND SECTION 81-22-7, MISSISSIPPI CODE OF 1972, TO MAKE A TECHNICAL CORRECTION; TO AMEND SECTION 81-22-9, MISSISSIPPI CODE OF 1972, TO CHANGE THE WORD "TRUST" TO "ESCROW"; TO AMEND SECTION 81-22-11, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT THE STATE LICENSE NUMBER OF THE DEBT MANAGEMENT SERVICE PROVIDER MUST BE INCLUDED IN THE WRITTEN AGREEMENT; TO AMEND SECTION 81-22-13, MISSISSIPPI CODE OF 1972, TO REVISE THE FEES WHICH MAY BE CHARGED TO THE CONSUMER; TO AMEND SECTION 81-22-15, MISSISSIPPI CODE OF 1972, TO REQUIRE VERIFICATION OF PAYMENTS TO CREDITORS BY LICENSEES THAT PARTICIPATE IN FAIR SHARE CONTRIBUTIONS; TO AMEND SECTIONS 81-22-17 AND 81-22-23, MISSISSIPPI CODE OF 1972, TO MAKE TECHNICAL CORRECTIONS; TO CREATE NEW SECTION 81-22-28, MISSISSIPPI CODE OF 1972, TO REGULATE THE USE OF A THIRD-PARTY PAYMENT PROCESSOR; TO CREATE NEW SECTION 81-22-31, MISSISSIPPI CODE OF 1972, TO CODIFY AND EXTEND THE REPEALER ON THIS ACT; TO REPEAL SECTION 16, CHAPTER 465, LAWS OF 2003, WHICH PROVIDES FOR THE REPEAL OF THIS ACT BY GENERAL LAW; TO REPEAL SECTION 81-22-29, MISSISSIPPI CODE OF 1972, WHICH PROVIDES AN APPLICATION DEADLINE FOR EXISTING NONPROFIT CORPORATIONS ENGAGED IN THE BUSINESS OF DEBT ADJUSTING; AND FOR RELATED PURPOSES.
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