Did not become law. It stopped in the House of Representatives's Banking and Financial Services Committee on March 3, 2020. The 2020 session has ended.
2020 Regular Session
House Bill 244
Pawnbrokers, title pledge lenders and check cashers; reduce maximum rate of interest that they may charge for their services.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTIONS 75-67-313 AND 75-67-413, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE MAXIMUM AMOUNT THAT PAWNBROKERS AND TITLE PLEDGE LENDERS MAY CHARGE FOR THEIR SERVICES SHALL NOT EXCEED AN ANNUAL PERCENTAGE RATE OF 25% PER ANNUM ON THE AMOUNT OF THE PRINCIPAL AMOUNT ADVANCED IN THE TRANSACTION THAT REMAINS UNPAID; TO AMEND SECTION 75-67-519, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE MAXIMUM AMOUNT THAT CHECK CASHERS MAY CHARGE FOR CASHING A DELAYED DEPOSIT CHECK SHALL NOT EXCEED AN ANNUAL PERCENTAGE RATE OF 25% ON THE FACE AMOUNT OF THE CHECK; 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 House of Representatives
Sponsor
Its course
January 27 to March 3, 2020, 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 House of RepresentativesJan 27 to Mar 3 · stopped36 days
Banking and Financial ServicesJan 27 to Mar 3 · stopped36 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 House of Representatives Jan 27 – Mar 3
- Jan 27Referred to the House committee on Banking and Financial Services
- Mar 3Died in committee in the House
All 2 actions, as published
- Jan 27Referred To Banking and Financial ServicesHouse of Representatives
- Mar 3Died In CommitteeHouse of Representatives