Mississippi Senate Bill 2262 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 2 2010 - 100% progression
Action: 2010-02-02 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The "credit Enhancement Loan Act"; To Provide For Findings Of The Legislature; To Define Certain Terms As Used In The Act; To Require Licensing Of Lenders By The Department Of Banking And Consumer Finance; To Prescribe Penalties For Violations; To Provide For Fees Payable To The Department; To Establish Requirements Necessary For Issuance Of A License By The Department; To Provide For The Form And Contents Of An Application; To Provide For Revocation Or Suspension Of A License; To Provide For Amounts Of Loans And Interest Rates; To Prohibit Multiple Loans In Certain Situations; To Provide For Enforcement Of Loan Agreements; To Provide For Disclosure Forms For The Customer; To Provide For Reports To Credit Bureaus; To Require Maintenance Of Financial Records By Licensees; To Provide For Reports To Be Filed With The Commissioner Of Banking And Consumer Finance; To Provide For Desist Orders; To Provide For Appeals From Actions Of The Department; To Provide For Nonenforcement Of Credit Enhancement Loans; And For Related Purposes.

Credit Enhancement Loan Act; enact.

Sen. Johnnie Walls [D]

Date	Chamber	Action
2010-02-02		Died In Committee
2010-01-07		Referred To Business and Financial Institutions

Type	Source
Summary	https://billstatus.ls.state.ms.us/2010/pdf/history/SB/SB2262.xml
Text	https://billstatus.ls.state.ms.us/documents/2010/html/SB/2200-2299/SB2262IN.htm