House Bill 735

AN ACT TO REVISE SEVERAL PROVISIONS OF THE MISSISSIPPI PAWNSHOP ACT; TO AMEND SECTION 75-67-321, MISSISSIPPI CODE OF 1972, TO REMOVE THE REFERENCES TO THE TRANSFER OF AN EXISTING LICENSE; TO DELETE THE PROVISIONS THAT THE AMOUNT OF THE LICENSE FEE AND RENEWAL FEE INCLUDE PREMIUMS FOR EXAMINATIONS; TO AMEND SECTION 75-67-323, MISSISSIPPI CODE OF 1972, TO DELETE THE PROVISION THAT REQUIRES THE COMMISSIONER OF BANKING TO FORWARD THE SET OF FINGERPRINTS SUBMITTED WITH AN APPLICATION FOR A LICENSE TO THE DEPARTMENT OF PUBLIC SAFETY; TO AMEND SECTION 75-67-325, MISSISSIPPI CODE OF 1972, TO UPDATE THE STATUTORY REFERENCE TO THE ADMINISTRATIVE PROCEDURES ACT; TO AMEND SECTION 75-67-327, MISSISSIPPI CODE OF 1972, TO REMOVE THE REFERENCE TO THE TRANSFER OF AN EXISTING LICENSE; TO AMEND SECTION 75-67-333, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE CIVIL PENALTIES IMPOSED BY THE COMMISSIONER FOR VIOLATIONS OF THE PAWNSHOP ACT WILL BE DEPOSITED INTO THE CONSUMER FINANCE FUND OF THE DEPARTMENT OF BANKING INSTEAD OF INTO THE STATE GENERAL FUND; TO AMEND SECTION 75-67-341, MISSISSIPPI CODE OF 1972, TO DELETE THE PROVISION THAT THE EXPENSES INCURRED FOR EXAMINATIONS OF PAWNSHOPS ARE INCLUDED IN THE LICENSEE'S APPLICATION FEE; TO AUTHORIZE THE COMMISSIONER TO CHARGE THE LICENSEE AN EXAMINATION FEE FOR EACH OFFICE OR LOCATION PLUS ANY ACTUAL EXPENSES; TO PROVIDE THAT A LICENSEE MAY NOT BE EXAMINED MORE THAN ONCE IN A TWO-YEAR PERIOD UNLESS FOR CAUSE SHOWN AND/OR OTHER EXIGENT REASONS; AND FOR RELATED PURPOSES.

In the House of Representatives

• Henry Zuber III

  Sponsor

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

In the House of Representatives Jan 21 – Feb 5

1. Jan 21Referred to the House committees on Banking and Financial Services and on Ways and Means
2. Feb 5Died in committee in the House