MS HB1511 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 14 2016 - 100% progression
Action: 2016-03-14 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 14 2016 - 100% progression
Action: 2016-03-14 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Be Known As The Mississippi Consumer Alternative Installment Loan Act; To Prohibit Engaging In The Business Of Making Consumer Installment Loans And Charging Or Contracting For Interest On Those Loans Without Approval From The Commissioner Of Banking And Consumer Finance; To Provide That The Commissioner Of Banking And Consumer Finance Shall Not Unreasonably Withhold Approval Of Any Person, Partnership, Association, Limited Liability Company Or Corporation Who Has Met Certain Requirements; To Prescribe The Maximum Charges Permitted For Loans Made By Licensees Under This Act And The Method Of Computing Those Charges; To Prescribe The Terms Of Loans Made By Licensees Under This Act; To Authorize The Commissioner Of Banking And Consumer Finance To Adopt Rules And Regulations Necessary For The Enforcement Of This Act; To Provide Certain Liability Protections To Licensees; To Create New Section 75-67-123, Mississippi Code Of 1972, To Provide That For Purposes Of Compliance With Maximum Charges Permitted Under Certain Provisions Of Law, Any Charges, Fees Or Premiums For Credit Insurance Or Auto Club Memberships Shall Not Be Included In The Calculation Of The Finance Charge; To Amend Sections 75-17-21, 75-17-25 And 75-67-119, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.
Title
MS Consumer Alternative Installment Loan Act; create.
Sponsors
Rep. Henry Zuber [R] |
Roll Calls
2016-03-02 - Senate - Senate Passed (Y: 40 N: 11 NV: 0 Abs: 0) [PASS]
2016-02-18 - House - House Passed As Amended (Y: 104 N: 18 NV: 0 Abs: 0) [PASS]
2016-02-18 - House - House Passed As Amended (Y: 104 N: 18 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2016-03-14 | Approved by Governor | |
2016-03-07 | Senate | Enrolled Bill Signed |
2016-03-07 | House | Enrolled Bill Signed |
2016-03-03 | Senate | Returned For Enrolling |
2016-03-02 | Senate | Passed |
2016-03-01 | Senate | Title Suff Do Pass |
2016-02-29 | Senate | Referred To Business and Financial Institutions |
2016-02-22 | House | Transmitted To Senate |
2016-02-18 | House | Passed As Amended |
2016-02-18 | House | Amended |
2016-02-16 | House | Title Suff Do Pass As Amended |
2016-02-08 | House | Referred To Banking and Financial Services |