l9n/ Mississippi

2013 Regular Session

Senate Bill 2571

Mississippi Consumer Alternative Installment Loan Act; create.

Did not become law. It stopped in the Senate on April 3, 2013. The 2013 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO BE KNOWN AS THE MISSISSIPPI CONSUMER ALTERNATIVE INSTALLMENT LOAN ACT; TO PROHIBIT THE ENGAGING IN THE BUSINESS OF MAKING CONSUMER INSTALLMENT LOANS OF MONEY AND CHARGING OR CONTRACTING FOR INTEREST ON THOSE LOANS WITHOUT BEING THE HOLDER OF A VALID LICENSE TO ENGAGE IN THE BUSINESS AS PROVIDED BY THIS ACT OR THE SMALL LOAN PRIVILEGE TAX LAW; TO PROVIDE THAT THE COMMISSIONER OF BANKING AND CONSUMER FINANCE SHALL ADMINISTER THIS ACT; TO PRESCRIBE THE MAXIMUM CHARGES PERMITTED FOR LOANS MADE BY LICENSEES UNDER THIS ACT AND THE METHOD OF COMPUTING THOSE CHARGES; TO PRESCRIBE THE TERMS OF LOANS MADE BY LICENSEES UNDER THIS ACT; TO PROVIDE THAT LOCAL GOVERNMENTS MAY ENACT ORDINANCES THAT ARE IN COMPLIANCE WITH, BUT NOT MORE RESTRICTIVE THAN, THE PROVISIONS OF THIS ACT; TO CREATE NEW SECTION 75-67-123, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR PURPOSES OF COMPLIANCE WITH MAXIMUM CHARGES PERMITTED UNDER THE SMALL LOAN REGULATORY LAW AND THE SMALL LOAN PRIVILEGE TAX LAW, ANY CHARGES, FEES OR PREMIUMS FOR CREDIT INSURANCE OR AUTO CLUB MEMBERSHIPS SHALL NOT BE INCLUDED IN THE CALCULATION OF THE FINANCE CHARGE; TO AMEND SECTION 75-17-25, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISION; 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 21 to April 3, 2013, 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 action22 actions on 14 days

In the SenateJan 21 to Feb 616 days

Business and Financial InstitutionsJan 21 to Jan 298 days

In the House of RepresentativesFeb 6 to Mar 628 days

Banking and Financial ServicesFeb 20 to Mar 19 days

Back in the SenateMar 6 to Apr 3 · stopped28 days

Amendments

Each amendment offered, and what became of it.

  • Senate floor amendmentAdopted

    Adopted Feb 6

  • House of Representatives committee amendmentPending

  • House of Representatives floor amendmentPending

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 21 – Feb 6

  1. Jan 21Referred to the Senate committee on Business and Financial Institutions
  2. Jan 29Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Feb 6Committee substitute adopted in the Senate
  4. Amended in the Senate
  5. Passed the Senate as amended

In the House of Representatives Feb 11 – Mar 6

  1. Feb 11Sent to the House
  2. Feb 20Referred to the House committee on Banking and Financial Services
  3. Mar 1Reported from committee in the House: title sufficient, do pass as amended
  4. Mar 5Tabled in the House, subject to being called up again
  5. Mar 6Amended in the House
  6. Point of order raised in the House
  7. Set aside in the House until the chair rules on the point of order
  8. Point of order not well taken in the House
  9. Passed the House as amended

Back in the Senate Mar 8 – Apr 3

  1. Mar 8Returned to the Senate to concur in the House's amendments
  2. Mar 21Declined in the Senate to concur, and invited a conference
  3. Mar 25Conferees named in the Senate: Jackson (15th), Harkins and Doty
  4. Mar 26Conferees named in the House: Zuber, Guice and Carpenter
  5. Apr 1Conference report filed in the Senate
  6. Conference report filed in the House
  7. Apr 3Recommitted in the House to the conferees for further conference
  8. Died on the calendar in the Senate
All 22 actions, as published
  1. Jan 21Referred To Business and Financial InstitutionsSenate
  2. Jan 29Title Suff Do Pass Comm SubSenate
  3. Feb 6Committee Substitute AdoptedSenate
  4. Feb 6AmendedSenate
  5. Feb 6Passed As AmendedSenate
  6. Feb 11Transmitted To HouseSenate
  7. Feb 20Referred To Banking and Financial ServicesHouse of Representatives
  8. Mar 1Title Suff Do Pass As AmendedHouse of Representatives
  9. Mar 5Tabled Subject To CallHouse of Representatives
  10. Mar 6AmendedHouse of Representatives
  11. Mar 6Point of Order RaisedHouse of Representatives
  12. Mar 6Set Aside-Pend Ruling of ChairHouse of Representatives
  13. Mar 6Point of Order-Not Well TakenHouse of Representatives
  14. Mar 6Passed As AmendedHouse of Representatives
  15. Mar 8Returned For ConcurrenceHouse of Representatives
  16. Mar 21Decline to Concur/Invite ConfSenate
  17. Mar 25Conferees Named Jackson (15th),Harkins,DotySenate
  18. Mar 26Conferees Named Zuber,Guice,CarpenterHouse of Representatives
  19. Apr 1Conference Report FiledSenate
  20. Apr 1Conference Report FiledHouse of Representatives
  21. Apr 3Recommitted For Further ConfHouse of Representatives
  22. Apr 3Died On CalendarSenate