Mississippi House Bill 16 (Prior Session Legislation)

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Completed Legislative Action
February 1 2011 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The "mississippi Alternative Loan Act"; To Define Certain Terms; To Prohibit Any Person From Engaging In The Business Of Lending Money, Except As Authorized By This Act; To Provide For Applications For A License For Those Loans; To Authorize Licensing Fees; To Provide For The Revocation Or Suspension Of Licenses By The Commissioner Of Banking And Consumer Finance; To Authorize An Examination Fee; To Provide Record Keeping Requirements; To Authorize The Commissioner To Promulgate Rules And Regulations For Administration Of This Act; To Authorize Certain Loan Charges By The Licensee; To Prescribe Certain Terms Of The Loan Contract; To Require All Borrower Contracts And Records Of The Licensee To Be Open To The Inspection Of The Commissioner Or His Duly Authorized Representatives; To Provide That Certain Finance Charges Contracted For Or Received In Excess Of That Authorized By This Act Shall Be Forfeited And May Be Recovered; And For Related Purposes.

Loans; create the Mississippi Alternative Loan Act.

Rep Mayo

Date	Chamber	Action
2011-02-01		Died In Committee
2011-01-04		Referred To Banking and Financial Services

Type	Source
Summary	http://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0016.xml
Text	http://billstatus.ls.state.ms.us/documents/2011/html/HB/0001-0099/HB0016IN.htm