Mississippi Senate Bill 2584 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
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 "mississippi Short-term Lender Law"; To Require Licensure Of Short-term Lenders; To Provide Application Procedure And Bond Requirements; To Provide Certain Restrictions On Short-term Loans; To Limit The Interest Rate And Fees On Short-term Loans; To Prohibit Certain Acts By Short-term Loan Licensees; To Provide For The Refusal, Suspension Or Revocation Of License; To Require Licensee Records And Reports; To Authorize The Commissioner Of Banking And Consumer Finance To Adopt Rules And Issue Specific Orders To Enforce And Carry Out The Provisions Of The Act; To Provide Criminal Penalties For Certain Violations; To Prohibit Debt Collector Communications And Conduct By Short-term Lenders; To Require The Commissioner Of Banking To Develop And Maintain A Statewide Database Of Short-term Loans; To Provide Reporting Requirements By The Commissioner Of Banking; To Create A Consumer Finance Education Board And Provide For Its Membership; To Prescribe The Duties Of The Board; To Repeal Sections 75-67-501 Through 75-67-539, Mississippi Code Of 1972, Which Create The Mississippi Check Cashers Act; And For Related Purposes.

Short-Term Lender Law; create and repeal MS Check Cashers Act.

Sen. Robert Jackson [D]

Date	Chamber	Action
2010-02-02		Died In Committee
2010-01-14		Referred To Business and Financial Institutions

Type	Source
Summary	https://billstatus.ls.state.ms.us/2010/pdf/history/SB/SB2584.xml
Text	https://billstatus.ls.state.ms.us/documents/2010/html/SB/2500-2599/SB2584IN.htm