2016
Regular Session
Mississippi Credit Availability Act; create.
AN ACT TO CREATE THE "MISSISSIPPI CREDIT AVAILABILITY ACT"; TO DEFINE TERMS USED IN THE ACT; TO PROVIDE LICENSING REQUIREMENTS FOR PERSONS ENGAGING IN THE BUSINESS AS A CREDIT AVAILABILITY LICENSEE; TO PROVIDE EXEMPTIONS FROM THE ACT; TO PROVIDE APPLICANT ELIGIBILITY REQUIREMENTS; TO PROVIDE THAT EACH APPLICATION FOR A LICENSE SHALL BE IN A FORM PRESCRIBED BY THE COMMISSIONER; TO REQUIRE INVESTIGATION BY THE DEPARTMENT OF BANKING BEFORE ISSUANCE OF A LICENSE, AND TO REQUIRE THAT THE LICENSE SHALL BE CONSPICUOUSLY POSTED IN THE PLACE OF BUSINESS OF THE LICENSEE; TO AUTHORIZE THE DEPARTMENT OF BANKING TO ADOPT REGULATIONS AND TO EXAMINE THE BOOKS AND RECORDS OF ANY LICENSEE; TO PROHIBIT THE ADVERTISING, DISPLAYING OR PUBLISHING OF FALSE OR MISLEADING STATEMENTS BY A LICENSEE; TO PROVIDE FOR FEES, CHARGES AND METHOD OF COMPUTATION TO BE CHARGED BY A LICENSEE UNDER A CREDIT AVAILABILITY ACCOUNT; TO REQUIRE LICENSEES TO PROVIDE ACCOUNT HOLDER WITH A WRITTEN EXPLANATION OF FEES AND CHARGES; TO AUTHORIZE THE COMMISSIONER OF BANKING TO SUSPEND OR REVOKE A LICENSE UPON MAKING CERTAIN FINDINGS; TO AUTHORIZE THE COMMISSIONER OF BANKING TO INVESTIGATE AND EXAMINE PERSONS LICENSED UNDER THE ACT AND PERSONS REASONABLY SUSPECTED OF CONDUCTING BUSINESS WHICH REQUIRES A LICENSE UNDER THE ACT; TO PROVIDE PENALTIES FOR ENGAGING IN BUSINESS WITHOUT A LICENSE; TO PROVIDE CRIMINAL AND CIVIL PENALTIES FOR VIOLATIONS OF THE ACT; TO PROVIDE THAT MUNICIPALITIES OF THIS STATE MAY ENACT ORDINANCES WHICH ARE IN COMPLIANCE WITH, BUT NOT MORE RESTRICTIVE THAN, THE PROVISIONS OF THE ACT; TO AUTHORIZE THE COMMISSIONER OF BANKING TO EMPLOY THE NECESSARY FULL-TIME EMPLOYEES ABOVE THE NUMBER OF PERMANENT FULL-TIME EMPLOYEES AUTHORIZED FOR THE DEPARTMENT FOR FISCAL YEAR 2016 TO ENFORCE THE PROVISIONS OF THE ACT; TO PROVIDE LIABILITY PROTECTIONS FOR LICENSEES; TO AMEND SECTION 75-67-403, MISSISSIPPI CODE OF 1972, TO REMOVE THE PROHIBITION THAT NO BUSINESS OTHER THAN TITLE PLEDGE BUSINESS SHALL BE CONDUCTED AT A TITLE PLEDGE OFFICE; TO AMEND SECTION 75-67-505, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER OF BANKING SHALL AUTHORIZE THE OFFERING OF CREDIT AVAILABILITY TRANSACTIONS IN ADDITION TO THOSE THAT MAY BE PERFORMED AS PART OF A CHECK CASHING BUSINESS; AND FOR RELATED PURPOSES.
06/29/2016 at 12:24
S
B
2409
Senate Bill 2409
SB 2409
S
Law
General Bill/Constitutional Amendment
No
Three/Fifths
July 1, 2016
500
Banking and Financial Services
F
../../House_cmtes/BB.xml
Business and Financial Institutions
F
../../Senate_cmtes/BF.xml
Parks
../../Senate_authors/Parks.xml
A
../../code_sections/075/00670403.xml
A
../../code_sections/075/00670505.xml
1
02/08 (S) Referred To Business and Financial Institutions
2
02/17 (S) Title Suff Do Pass Comm Sub
3
03/02 (S) Committee Substitute Adopted
4
03/02 (S) Amended
5
03/02 (S) Passed As Amended
../../../../2016/pdf/votes/senate/0580008.pdf
6
03/04 (S) Transmitted To House
7
03/14 (H) Referred To Banking and Financial Services
8
03/21 (H) Title Suff Do Pass As Amended
9
03/23 (H) Read the Third Time
10
03/24 (H) Amended
11
03/24 (H) Passed As Amended
../../../../2016/pdf/votes/house/0800025.pdf
12
03/24 (H) Motion to Reconsider Entered (Wooten, Zuber, Campbell)
13
03/25 (H) Motion to Reconsider Tabled
14
03/28 (H) Returned For Concurrence
15
03/30 (S) Decline to Concur/Invite Conf
16
04/11 (S) Conferees Named Parks,Doty,Jackson (32nd)
17
04/14 (H) Conferees Named Zuber,Aguirre,Johnson (87th)
18
04/15 (S) Conference Report Filed
19
04/15 (H) Conference Report Filed
20
04/17 (H) Conference Report Adopted
../../../../2016/pdf/votes/house/1040077.pdf
21
04/19 (S) Conference Report Adopted
../../../../2016/pdf/votes/senate/1060053.pdf
22
04/26 (S) Enrolled Bill Signed
23
04/26 (H) Enrolled Bill Signed
24
05/13 Approved by Governor
../../../../documents/2016/pdf/SB/2400-2499/SB2409SG.pdf
../../../../documents/2016/dt/SB/2400-2499/SB2409SG.pdf
../../../../documents/2016/html/SB/2400-2499/SB2409SG.htm
../../../../documents/2016/pdf/SB/2400-2499/SB2409IN.pdf
../../../../documents/2016/dt/SB/2400-2499/SB2409IN.pdf
../../../../documents/2016/html/SB/2400-2499/SB2409IN.htm
../../../../documents/2016/pdf/SB/2400-2499/SB2409CS.pdf
../../../../documents/2016/dt/SB/2400-2499/SB2409CS.pdf
../../../../documents/2016/html/SB/2400-2499/SB2409CS.htm
../../../../documents/2016/pdf/SB/2400-2499/SB2409PS.pdf
../../../../documents/2016/dt/SB/2400-2499/SB2409PS.pdf
../../../../documents/2016/html/SB/2400-2499/SB2409PS.htm
../../../../documents/2016/pdf/SB/2400-2499/SB2409SG.pdf
../../../../documents/2016/dt/SB/2400-2499/SB2409SG.pdf
../../../../documents/2016/html/SB/2400-2499/SB2409SG.htm
../../../../documents/2016/pdf/cr/SB2409CR.pdf
../../../../documents/2016/dt/cr/SB2409CR.pdf
../../../../documents/2016/html/cr/SB2409CR.htm
Conference Report
Amendment Report for Senate Bill No. 2409
../../../../documents/2016/pdf/ham/Amendment_Report_for_SB2409.pdf
../../../../../documents/2016/html/ham/Amendment_Report_for_SB2409.htm
Committee Amendment No 1
No Action
../../../../documents/2016/pdf/ham/SB2409_H_Cmte_Amend_01.pdf
../../../../../documents/2016/html/ham/SB2409_H_Cmte_Amend_01.htm
Amendment No 1
Adopted
../../../../documents/2016/pdf/ham/SB2409_H_Amend_01.htm
../../../../../documents/2016/html/ham/SB2409_H_Amend_01.htm
Voice Vote
Amendment No 2
Lost
../../../../documents/2016/pdf/ham/SB2409_H_Amend_02.htm
../../../../../documents/2016/html/ham/SB2409_H_Amend_02.htm
../../../../2016/pdf/votes/house/0800024.pdf
{Vote}
Amendment No 1 (Cmte Sub)
Adopted
../../../../documents/2016/pdf/sam/SB2409_S_(Cmte_Sub)_Amend_01.pdf
../../../../../documents/2016/html/sam/SB2409_S_(Cmte_Sub)_Amend_01.htm
Voice Vote
N
../../../../documents/2016/pdf/fiscalnotes/SB2409.pdf