MS HB309 | 2012 | Regular Session

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on March 6 2012 - 100% progression
Action: 2012-03-06 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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% Per Annum On The Face Amount Of The Check; And For Related Purposes.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2012-03-06 Died In Committee
2012-02-13 Referred To Banking and Financial Services;Judiciary A

Mississippi State Sources


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