Mississippi Legislature
2006 Regular Session

Senate Bill 2374

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Bill Text

History of Actions

Amendments

Background

Title

Description: Small loan licensees; authorize to sell auto club memberships to borrowers.

Bill Text: [Introduced] [Passed Senate] [Sent to Governor]

History of Actions:

1 01/09 (S) Referred To Business and Financial Institutions
2 01/19 (S) Title Suff Do Pass
3 02/01 (S) Passed
4 02/02 (S) Transmitted To House
5 02/08 (H) Referred To Banking and Financial Services
6 02/14 (H) Title Suff Do Pass As Amended
7 03/01 (H) Amended
8 03/01 (H) Passed As Amended
9 03/01 (H) Motion to Reconsider Entered
10 03/09 (H) Reconsidered
11 03/09 (H) Amended
12 03/09 (H) Passed As Amended
13 03/09 (H) Motion to Reconsider Entered
14 03/10 (H) Motion to Reconsider Tabled
15 03/13 (H) Returned For Concurrence
16 03/17 (S) Concurred in Amend From House
17 03/22 (S) Enrolled Bill Signed
18 03/23 (H) Enrolled Bill Signed
19 03/29 Approved by Governor

Amendments:

Adopted [H] Committee Amendment No 1   
Adopted [H] Amendment No 2   
Adopted [H] Amendment No 3   
Adopted [H] Amendment No 4   
   
[H] Amendment Report for Senate Bill No. 2374   

Background Information:

Effective dateJuly 1, 2006
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number509

Senate Committee:

House Committee:

Principal Author: Mettetal

Additional Authors: Gordon, Chaney, Robertson, Michel, Burton, Moffatt, Hewes, Pickering, Walley, Dearing, Kirby, White, Thomas, Carmichael, King, Browning, Flowers, Jackson (15th), Jackson (32nd), Ross, Clarke, Doxey, Davis, Wilemon, Lee (35th), Brown, Morgan

Code Section: A 075-0067-0121

Title: AN ACT TO AMEND SECTION 75-67-121, MISSISSIPPI CODE OF 1972, TO AUTHORIZE SMALL LOAN LICENSEES TO OFFER BORROWERS THE OPPORTUNITY TO PURCHASE AUTO CLUB MEMBERSHIPS AFTER THE LICENSEE HAS FULLY APPROVED THE LOAN TO THE BORROWER; TO REQUIRE THE LICENSEE TO INFORM THE BORROWER IN WRITING THAT THE PURCHASE OF AN AUTO CLUB MEMBERSHIP IS NOT REQUIRED AS A CONDITION OF RECEIVING THE LOAN, AND THAT FAILURE TO PURCHASE AN AUTO CLUB MEMBERSHIP WILL NOT AFFECT THE LICENSEE'S APPROVAL OF THE LOAN OR THE RECEIPT OF THE LOAN BY THE BORROWER; TO AUTHORIZE THE BORROWER TO CANCEL THE AUTO CLUB MEMBERSHIP FOR A FULL REFUND OF THE PURCHASE PRICE WITHIN 30 DAYS AFTER THE DATE OF PURCHASE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/18/06 at 13:39.

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