Mississippi House Bill 1157 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 4 2014 - 100% progression
Action: 2014-02-04 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Sections 75-67-313 And 75-67-413, Mississippi Code Of 1972, To Provide That The Maximum Amount That Pawnbrokers And Title Pledge Lenders May Charge For Their Services Shall Not Exceed An Annual Percentage Rate Of 25% Per Annum On The Amount Of The Principal Amount Advanced In The Transaction That Remains Unpaid; To Amend Section 75-67-519, Mississippi Code Of 1972, To Provide That The Maximum Amount That Check Cashers May Charge For Cashing A Delayed Deposit Check Shall Not Exceed An Annual Percentage Rate Of 25% On The Face Amount Of The Check; And For Related Purposes.

Pawnbrokers, title pledge lenders and check cashers; reduce maximum rate of interest that they may charge for their services.

Rep. Bob Evans [D]

Date	Chamber	Action
2014-02-04	House	Died In Committee
2014-01-20	House	Referred To Banking and Financial Services

Type	Source
Summary	https://billstatus.ls.state.ms.us/2014/pdf/history/HB/HB1157.xml
Text	https://billstatus.ls.state.ms.us/documents/2014/html/HB/1100-1199/HB1157IN.htm