Mississippi Senate Bill 2409 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on May 13 2016 - 100% progression
Action: 2016-05-13 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Create The "mississippi Credit Availability Act"; To Define Terms Used In The Act; To Provide Licensing Requirements For Persons Engaging In The Business As A Credit Availability Licensee; To Provide Exemptions From The Act; To Provide Applicant Eligibility Requirements; To Provide That Each Application For A License Shall Be In A Form Prescribed By The Commissioner; To Require Investigation By The Department Of Banking Before Issuance Of A License, And To Require That The License Shall Be Conspicuously Posted In The Place Of Business Of The Licensee; To Authorize The Department Of Banking To Adopt Regulations And To Examine The Books And Records Of Any Licensee; To Prohibit The Advertising, Displaying Or Publishing Of False Or Misleading Statements By A Licensee; To Provide For Fees, Charges And Method Of Computation To Be Charged By A Licensee Under A Credit Availability Account; To Require Licensees To Provide Account Holder With A Written Explanation Of Fees And Charges; To Authorize The Commissioner Of Banking To Suspend Or Revoke A License Upon Making Certain Findings; To Authorize The Commissioner Of Banking To Investigate And Examine Persons Licensed Under The Act And Persons Reasonably Suspected Of Conducting Business Which Requires A License Under The Act; To Provide Penalties For Engaging In Business Without A License; To Provide Criminal And Civil Penalties For Violations Of The Act; To Provide That Municipalities Of This State May Enact Ordinances Which Are In Compliance With, But Not More Restrictive Than, The Provisions Of The Act; To Authorize The Commissioner Of Banking To Employ The Necessary Full-time Employees Above The Number Of Permanent Full-time Employees Authorized For The Department For Fiscal Year 2016 To Enforce The Provisions Of The Act; To Provide Liability Protections For Licensees; To Amend Section 75-67-403, Mississippi Code Of 1972, To Remove The Prohibition That No Business Other Than Title Pledge Business Shall Be Conducted At A Title Pledge Office; To Amend Section 75-67-505, Mississippi Code Of 1972, To Provide That The Commissioner Of Banking Shall Authorize The Offering Of Credit Availability Transactions In Addition To Those That May Be Performed As Part Of A Check Cashing Business; And For Related Purposes.

Mississippi Credit Availability Act; create.

Sen. Rita Potts Parks [R]

2016-04-19 - Senate - Senate Conference Report Adopted (Y: 41 N: 10 NV: 1 Abs: 0) [PASS]
2016-04-17 - House - House Conference Report Adopted (Y: 96 N: 21 NV: 4 Abs: 0) [PASS]
2016-03-24 - House - House Passed As Amended (Y: 95 N: 22 NV: 4 Abs: 0) [PASS]
2016-03-02 - Senate - Senate Passed As Amended (Y: 38 N: 11 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2016-05-13		Approved by Governor
2016-04-26	House	Enrolled Bill Signed
2016-04-26	Senate	Enrolled Bill Signed
2016-04-19	Senate	Conference Report Adopted
2016-04-17	House	Conference Report Adopted
2016-04-15	House	Conference Report Filed
2016-04-15	Senate	Conference Report Filed
2016-04-14	House	Conferees Named Zuber,Aguirre,Johnson (87th)
2016-04-11	Senate	Conferees Named Parks,Doty,Jackson (32nd)
2016-03-30	Senate	Decline to Concur/Invite Conf
2016-03-28	House	Returned For Concurrence
2016-03-25	House	Motion to Reconsider Tabled
2016-03-24	House	Motion to Reconsider Entered (Wooten, Zuber, Campbell)
2016-03-24	House	Passed As Amended
2016-03-24	House	Amended
2016-03-23	House	Read the Third Time
2016-03-21	House	Title Suff Do Pass As Amended
2016-03-14	House	Referred To Banking and Financial Services
2016-03-04	Senate	Transmitted To House
2016-03-02	Senate	Passed As Amended
2016-03-02	Senate	Amended
2016-03-02	Senate	Committee Substitute Adopted
2016-02-17	Senate	Title Suff Do Pass Comm Sub
2016-02-08	Senate	Referred To Business and Financial Institutions

Type	Source
Summary	https://billstatus.ls.state.ms.us/2016/pdf/history/SB/SB2409.xml
Text	https://billstatus.ls.state.ms.us/documents/2016/html/SB/2400-2499/SB2409IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2016/html/SB/2400-2499/SB2409CS.htm
Text	https://billstatus.ls.state.ms.us/documents/2016/html/SB/2400-2499/SB2409PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2016/html/SB/2400-2499/SB2409SG.htm
Roll Call	https://billstatus.ls.state.ms.us/2016/pdf/votes/senate/0580008.pdf
Roll Call	https://billstatus.ls.state.ms.us/2016/pdf/votes/house/0800025.pdf
Roll Call	https://billstatus.ls.state.ms.us/2016/pdf/votes/house/1040077.pdf
Roll Call	https://billstatus.ls.state.ms.us/2016/pdf/votes/senate/1060053.pdf