MISSISSIPPI LEGISLATURE
2014 Regular Session
To: Banking and Financial Services
By: Representative Barton
AN ACT TO REQUIRE LIMITED LINES CREDIT INSURANCE PRODUCERS TO REPORT CREDIT INSURANCE PENETRATION NUMBERS FOR CONSUMER FINANCE LICENSEES 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. Limited lines credit insurance producers shall report the number of credit insurance policies versus the numbers of loans made annually for consumer finance licensees 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.