Senate Bill 2729

AN ACT TO AMEND SECTION 75-67-303, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PAWNBROKER" AS USED IN THE MISSISSIPPI PAWNSHOP ACT; TO AMEND SECTION 75-67-321, MISSISSIPPI CODE OF 1972, TO INCREASE THE FEE FOR A PAWNBROKER LICENSE; TO AMEND SECTION 75-67-323, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN APPLICANT SHALL NOT HAVE BEEN CONVICTED OF A FELONY TO BE ELIGIBLE FOR A PAWNBROKER LICENSE AND TO PROVIDE CONTINUING EDUCATION REQUIREMENTS FOR LICENSEES; TO AMEND SECTION 75-67-327, MISSISSIPPI CODE OF 1972, TO REVISE THE APPLICATION PROCESS FOR THE TRANSFER OF EXISTING LICENSES; TO AMEND SECTION 75-67-333, MISSISSIPPI CODE OF 1972, TO DELETE THE NOTICE AND HEARING REQUIREMENT BEFORE IMPOSING A CIVIL PENALTY AGAINST LICENSEES AND TO DEPOSIT CIVIL PENALTIES INTO THE CONSUMER FINANCE FUND OF THE DEPARTMENT OF BANKING AND CONSUMER FINANCE; TO AMEND SECTION 75-67-341, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF BANKING TO CHARGE AN EXAMINATION FEE; TO CREATE A NEW CODE SECTION TO PROVIDE LIABILITY PROTECTIONS FOR LICENSEES FOR ACTS DONE IN CONFORMITY WITH RULES OR REGULATIONS OF THE COMMISSIONER OF BANKING OR ANY OTHER STATE OR FEDERAL AGENCY; TO REPEAL SECTION 75-67-339, MISSISSIPPI CODE OF 1972, WHICH PROVIDES A TIME LIMIT FOR EXISTING PAWNBROKERS IN BUSINESS ON JULY 1, 1993, TO APPLY FOR AND RECEIVE A LICENSE; AND FOR RELATED PURPOSES.

In the Senate

• Gary Jackson

  Sponsor

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

In the Senate Jan 19 – Feb 12

1. Jan 19Referred to the Senate committee on Business and Financial Institutions
2. Feb 3Reported from committee in the Senate: title sufficient, do pass as a committee substitute
3. Feb 12Died on the calendar in the Senate