Bill Text | History of Actions | Background | Title |
Description: Check Cashers Act; require continuing education and authorize commission to impose penalties for Act violations.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Banking and Financial Services | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Perkins*
Code Sections: A 075-0067-0509, A 075-0067-0515, A 075-0067-0519, A 075-0067-0527
Title: AN ACT TO AMEND SECTION 75-67-509, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY PERSON WHO HAS BEEN CONVICTED OF A FELONY SHALL NOT BE ELIGIBLE FOR A LICENSE AS A CHECK CASHER; TO AMEND SECTION 75-67-515, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER OF BANKING SHALL IMPOSE A CIVIL PENALTY AGAINST A CHECK CASHER LICENSEE FOR INITIATING CRIMINAL PROCEEDINGS FOR AN OVERDRAWN CHECK; TO REQUIRE LICENSEES TO ATTEND ANNUAL CONTINUING EDUCATION TRAINING; TO AMEND SECTION 75-67-519, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER SHALL IMPOSE A CIVIL PENALTY AGAINST A LICENSEE FOR RENEWING OR EXTENDING A DELAYED DEPOSIT CHECK OR ACCEPTING REPAYMENT OF A DELAYED DEPOSIT CHECK WITH THE PROCEEDS OF ANOTHER CHECK CASHED BY THE SAME LICENSEE; TO AMEND SECTION 75-67-527, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF A CIVIL PENALTY THAT THE COMMISSIONER MAY IMPOSE AGAINST A LICENSEE FOR VIOLATIONS OF THE CHECK CASHERS ACT; AND FOR RELATED PURPOSES.
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2007/html/History/HB/HB1136.htm