l9n/ Mississippi

2009 Regular Session

Senate Bill 2509

Credit Enhancement Loan Act; enact.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on February 3, 2009. The 2009 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE "CREDIT ENHANCEMENT LOAN ACT OF 2009"; 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.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

January 12 to February 3, 2009, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the SenateJan 12 to Feb 3 · stopped22 days

Business and Financial InstitutionsJan 12 to Feb 3 · stopped22 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Jan 12 – Feb 3

  1. Jan 12Referred to the Senate committee on Business and Financial Institutions
  2. Feb 3Died in committee in the Senate
All 2 actions, as published
  1. Jan 12Referred To Business and Financial InstitutionsSenate
  2. Feb 3Died In CommitteeSenate