MISSISSIPPI LEGISLATURE
2014 Regular Session
To: Banking and Financial Services
By: Representative Barton
AN ACT TO REQUIRE SMALL LOAN LICENSEES TO REPORT CREDIT INSURANCE POLICIES SOLD VERSUS THE NUMBER OF LOANS MADE ANNUALLY TO THE MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Licensees under the Small Loan Regulatory Law (Section 75-67-101 et seq.) and the Small Loan Privilege Tax Law (Section 75-67-201 et seq.) shall report the number of credit insurance policies sold versus the number of loans made annually to the Mississippi Department of Banking and Consumer Finance.
SECTION 2. This act shall take effect and be in force from and after July 1, 2014.