Mississippi House Bill 833 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 3 2015 - 100% progression
Action: 2015-02-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The Mississippi Flexible Credit Act; To Authorize Lenders To Make Unsecured Consumer Loans That Are Primarily For Personal, Family Or Household Purposes With An Original Principal Amount That Does Not Exceed Ten Thousand Dollars And With An Original Term That Does Not Exceed Sixty Months; To Authorize Lenders To Provide Unsecured Consumer Lines Of Credit That Are Primarily For Personal, Family Or Household Purposes With An Original Principal Balance That Does Not Exceed Ten Thousand Dollars; To Require Lender To Make Certain Disclosures To The Consumer At Or Before Consummation Of The Consumer Loan Or Opening Of The Line Of Credit; To Authorize A Lender To Charge A Finance Charge For A Consumer Loan Or Consumer Line Of Credit At Any Rate Agreed To By The Parties; To Authorize The Lender To Charge And Collect Certain Additional Fees And Charges That Are Agreed Upon Between The Lender And The Borrower; To Provide That Certain Actions By A Lender Are Violations Of This Act; To Amend Section 75-17-1, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.

Mississippi Flexible Credit Act; create.

Rep. Lester Carpenter [R]

Date	Chamber	Action
2015-02-03	House	Died In Committee
2015-01-19	House	Referred To Banking and Financial Services

Type	Source
Summary	https://billstatus.ls.state.ms.us/2015/pdf/history/HB/HB0833.xml
Text	https://billstatus.ls.state.ms.us/documents/2015/html/HB/0800-0899/HB0833IN.htm