MS HB16 | 2011 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 1 2011 - 100% progression
Action: 2011-02-01 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 1 2011 - 100% progression
Action: 2011-02-01 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
Loans; create the Mississippi Alternative Loan Act.
Sponsors
Rep. Brad Mayo [R] |
History
Date | Chamber | Action |
---|---|---|
2011-02-01 | Died In Committee | |
2011-01-04 | Referred To Banking and Financial Services |
Mississippi State Sources
Type | Source |
---|---|
Summary | https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0016.xml |
Text | https://billstatus.ls.state.ms.us/documents/2011/html/HB/0001-0099/HB0016IN.htm |