l9n/ Mississippi

2025 Regular Session

Senate Bill 2495

Mississippi Credit Availability Act; extend repealer, revise and create cap adjustment based on the CPI-U.

Became law as Chapter 367, Laws of 2025, signed March 12, 2025, 51 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 75-67-639, MISSISSIPPI CODE OF 1972, TO EXTEND THE DATE OF THE REPEALER ON THE MISSISSIPPI CREDIT AVAILABILITY ACT; TO AMEND SECTION 75-67-619, MISSISSIPPI CODE OF 1972, 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 BRING FORWARD SECTIONS 75-67-601 THROUGH 75-67-617, AND 75-67-621 THROUGH 75-67-637, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; 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 20 to March 12, 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 action11 actions on 10 days

In the SenateJan 20 to Feb 617 days

Business and Financial InstitutionsJan 20 to Jan 3010 days

In the House of RepresentativesFeb 6 to Mar 527 days

Banking and Financial ServicesFeb 10 to Feb 2717 days

With the GovernorMar 5 to Mar 127 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 20 – Feb 6

  1. Jan 20Referred to the Senate committee on Business and Financial Institutions
  2. Jan 30Reported from committee in the Senate: title sufficient, do pass
  3. Feb 6Passed the Senate

In the House of Representatives Feb 7 – Mar 5

  1. Feb 7Sent to the House
  2. Feb 10Referred to the House committee on Banking and Financial Services
  3. Feb 27Reported from committee in the House: title sufficient, do pass
  4. Mar 5Passed the House

To the Governor Mar 6 – Mar 12

  1. Mar 6Returned to the Senate for enrolling
  2. Mar 7Enrolled bill signed in the Senate
  3. Enrolled bill signed in the House
  4. Mar 12Approved by the Governor
All 11 actions, as published
  1. Jan 20Referred To Business and Financial InstitutionsSenate
  2. Jan 30Title Suff Do PassSenate
  3. Feb 6PassedSenate
  4. Feb 7Transmitted To HouseSenate
  5. Feb 10Referred To Banking and Financial ServicesHouse of Representatives
  6. Feb 27Title Suff Do PassHouse of Representatives
  7. Mar 5PassedHouse of Representatives
  8. Mar 6Returned For EnrollingHouse of Representatives
  9. Mar 7Enrolled Bill SignedSenate
  10. Mar 7Enrolled Bill SignedHouse of Representatives
  11. Mar 12Approved by GovernorGovernor