Bill Text: MS SB2632 | 2011 | Regular Session | Introduced
Bill Title: Credit cards; place restrictions on marketing to college students.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2011-02-01 - Died In Committee [SB2632 Detail]
Download: Mississippi-2011-SB2632-Introduced.html
MISSISSIPPI LEGISLATURE
2011 Regular Session
To: Universities and Colleges
By: Senator(s) Hyde-Smith
Senate Bill 2632
AN ACT TO PROVIDE THAT A CREDIT CARD ISSUER SHALL NOT OFFER TO A STUDENT AT A PUBLIC OR PRIVATE UNIVERSITY, COLLEGE OR COMMUNITY OR JUNIOR COLLEGE ANY TANGIBLE ITEM TO INDUCE THE STUDENT TO APPLY FOR A CREDIT CARD; TO PROVIDE THAT A CREDIT CARD ISSUER SHALL NOT ENGAGE IN ANY MARKETING OF A CREDIT CARD THAT INVOLVES THE PHYSICAL PRESENCE OF AN INDIVIDUAL REPRESENTING THE CREDIT CARD ISSUER ON THE CAMPUS OF A PUBLIC OR PRIVATE UNIVERSITY, COLLEGE OR COMMUNITY OR JUNIOR COLLEGE; TO PROVIDE THAT A PUBLIC OR PRIVATE UNIVERSITY, COLLEGE OR COMMUNITY OR JUNIOR COLLEGE SHALL NOT RECEIVE ANY DIRECT OR INDIRECT PAYMENT OR COMPENSATION FOR CREDIT CARD MARKETING ACTIVITY ON A CAMPUS OF THE INSTITUTION THAT IS DIRECTED AT THE STUDENTS OF THE INSTITUTION; TO PROVIDE THAT THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, THE STATE BOARD FOR COMMUNITY AND JUNIOR COLLEGES AND PUBLIC OR PRIVATE UNIVERSITY, COLLEGE OR COMMUNITY OR JUNIOR COLLEGE SHALL NOT SELL OR OTHERWISE PROVIDE TO A CREDIT CARD ISSUER THE NAMES, POSTAL ADDRESSES OR ELECTRONIC MAIL ADDRESSES OF STUDENTS OR ENGAGE IN ANY MARKETING ON BEHALF OF A CREDIT CARD ISSUER THAT IS DIRECTED AT STUDENTS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. As used in this act:
(a) "Campus" means buildings, facilities and grounds under the control of an institution of higher education that are primarily related to the operation of the institution and its related services and activities.
(b) "Credit card" means any instrument or device, whether known as a credit card, credit plate or by any other name, issued with or without fee by an issuer for the use of the cardholder or one authorized by him in obtaining money, goods, property, services or anything else of value on credit.
(c) "Credit card issuer" means any person who issues a credit card, or the agent of such a person with respect to such card.
(d) "Institution of higher education" means a public or private university, college or community or junior college.
(e) "Student" means an individual who is enrolled on a full−time or part−time basis in an institution of higher education.
SECTION 2. (1) (a) A credit card issuer shall not:
(i) Offer to a student at an institution of higher education any tangible item to induce the student to apply for a credit card offered by the credit card issuer.
(ii) Engage in any marketing of a credit card that involves the physical presence of an individual representing the credit card issuer on the campus of an institution of higher education.
(b) An institution of higher education shall not receive any direct or indirect payment or compensation, monetary or otherwise, for credit card marketing activity on a campus of the institution that is directed at the students of the institution.
(2) The Commissioner of Banking and Consumer Finance shall, after notice and hearing, impose a civil penalty against any person who is adjudged by the commissioner to be in violation of the provisions of this section. The civil penalty shall not exceed Five Thousand Dollars ($5,000.00).
SECTION 3. The Board of Trustees of State Institutions of Higher Learning, the State Board for Community and Junior Colleges and institutions of higher education shall not:
(a) Sell or otherwise provide to a credit card issuer the names, postal addresses or electronic mail addresses of students.
(b) Engage in any marketing on behalf of a credit card issuer that is directed at students.
SECTION 4. This act shall not apply to a contract that is in effect prior to the effective date of this act unless the contract is extended, modified or renewed after the effective date of this act.
SECTION 5. This act shall take effect and be in force from and after July 1, 2011.
