Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on March 4, 2025. The 2025 session has ended.
2025 Regular Session
House Bill 1427
Mississippi Credit Availability Act; extend repealer and revise and create cap adjustment based on the CPI-U.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO REENACT SECTIONS 75-67-601 THROUGH 75-67-637, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MISSISSIPPI CREDIT AVAILABILITY ACT; TO INCREASE THE MAXIMUM OUTSTANDING PRINCIPAL BALANCE OF A CREDIT AVAILABILITY ACCOUNT FROM $2,500.00 TO $3,250.00; TO DIRECT THE DEPARTMENT OF BANKING AND CONSUMER FINANCE TO ISSUE A MEMO EACH YEAR ADJUSTING THE MAXIMUM OUTSTANDING PRINCIPAL BALANCE FOR CREDIT AVAILABILITY ACCOUNTS AND TO CALCULATE SUCH ADJUSTMENT BY APPLYING THE UNITED STATES BUREAU OF LABOR STATISTICS CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS (CPI-U) FOR THE PREVIOUS CALENDAR YEAR TO THE PREVIOUS MAXIMUM OUTSTANDING PRINCIPAL BALANCE AND ROUNDING THAT AMOUNT UPWARD TO THE NEAREST $10.00 INCREMENT; TO AMEND SECTION 75-67-639, MISSISSIPPI CODE OF 1972, TO EXTEND THE DATE OF THE REPEALER ON THOSE REENACTED SECTIONS; 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 20 to March 4, 2025, 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 action6 actions on 6 days
In the House of RepresentativesJan 20 to Feb 1122 days
Banking and Financial ServicesJan 20 to Jan 288 days
In the SenateFeb 11 to Mar 4 · stopped21 days
Business and Financial InstitutionsFeb 17 to Mar 4 · stopped15 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 20 – Feb 11
- Jan 20Referred to the House committee on Banking and Financial Services
- Jan 28Reported from committee in the House: title sufficient, do pass
- Feb 11Passed the House
In the Senate Feb 12 – Mar 4
- Feb 12Sent to the Senate
- Feb 17Referred to the Senate committee on Business and Financial Institutions
- Mar 4Died in committee in the Senate
All 6 actions, as published
- Jan 20Referred To Banking and Financial ServicesHouse of Representatives
- Jan 28Title Suff Do PassHouse of Representatives
- Feb 11PassedHouse of Representatives
- Feb 12Transmitted To SenateHouse of Representatives
- Feb 17Referred To Business and Financial InstitutionsSenate
- Mar 4Died In CommitteeSenate