Mississippi House Bill 716 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 31 2023 - 100% progression
Action: 2023-01-31 - 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
2023-01-31	House	Died In Committee
2023-01-16	House	Referred To Banking and Financial Services

Chapter	Article	Section	Citation Type	Statute Text
75	67	313	Amended Code	See Bill Text
75	67	413	Amended Code	See Bill Text
75	67	519	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2023/pdf/history/HB/HB0716.xml
Text	https://billstatus.ls.state.ms.us/documents/2023/html/HB/0700-0799/HB0716IN.htm