l9n/ Mississippi

2010 Regular Session

Senate Bill 2584

Short-Term Lender Law; create and repeal MS Check Cashers Act.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on February 2, 2010. The 2010 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE "MISSISSIPPI SHORT-TERM LENDER LAW"; TO REQUIRE LICENSURE OF SHORT-TERM LENDERS; TO PROVIDE APPLICATION PROCEDURE AND BOND REQUIREMENTS; TO PROVIDE CERTAIN RESTRICTIONS ON SHORT-TERM LOANS; TO LIMIT THE INTEREST RATE AND FEES ON SHORT-TERM LOANS; TO PROHIBIT CERTAIN ACTS BY SHORT-TERM LOAN LICENSEES; TO PROVIDE FOR THE REFUSAL, SUSPENSION OR REVOCATION OF LICENSE; TO REQUIRE LICENSEE RECORDS AND REPORTS; TO AUTHORIZE THE COMMISSIONER OF BANKING AND CONSUMER FINANCE TO ADOPT RULES AND ISSUE SPECIFIC ORDERS TO ENFORCE AND CARRY OUT THE PROVISIONS OF THE ACT; TO PROVIDE CRIMINAL PENALTIES FOR CERTAIN VIOLATIONS; TO PROHIBIT DEBT COLLECTOR COMMUNICATIONS AND CONDUCT BY SHORT-TERM LENDERS; TO REQUIRE THE COMMISSIONER OF BANKING TO DEVELOP AND MAINTAIN A STATEWIDE DATABASE OF SHORT-TERM LOANS; TO PROVIDE REPORTING REQUIREMENTS BY THE COMMISSIONER OF BANKING; TO CREATE A CONSUMER FINANCE EDUCATION BOARD AND PROVIDE FOR ITS MEMBERSHIP; TO PRESCRIBE THE DUTIES OF THE BOARD; TO REPEAL SECTIONS 75-67-501 THROUGH 75-67-539, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MISSISSIPPI CHECK CASHERS ACT; 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 14 to February 2, 2010, 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 14 to Feb 2 · stopped19 days

Business and Financial InstitutionsJan 14 to Feb 2 · stopped19 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 14 – Feb 2

  1. Jan 14Referred to the Senate committee on Business and Financial Institutions
  2. Feb 2Died in committee in the Senate
All 2 actions, as published
  1. Jan 14Referred To Business and Financial InstitutionsSenate
  2. Feb 2Died In CommitteeSenate