Mississippi House Bill 39 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 11-0)
Status: Failed on March 6 2012 - 100% progression
Action: 2012-03-06 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 75-67-519, Mississippi Code Of 1972, To Prohibit Check Cashers From Cashing A Delayed Deposit Check For Any Person Who Has An Outstanding Delayed Deposit Check With Another Check Casher That Has Not Been Repaid In Full; To Direct The Commissioner Of Banking To Provide For The Development Of A Database In Which Check Cashers Must Record Each Delayed Deposit Transaction In Order To Prevent Violations Of The Maximum Amount That May Be Outstanding; To Authorize The Commissioner To Charge A Fee To Check Cashers As Necessary To Maintain The Database System; 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 36% Per Annum On The Face Amount Of The Check; And For Related Purposes.

Check cashers; reduce maximum rate of interest that may be charged for cashing checks.

Rep. Kelvin Buck [D]	Rep. Credell Calhoun [D]	Rep. Bryant Clark [D]	Rep. Alyce Clarke [D]
Rep. James Evans [D]	Rep. Esther Harrison [D]	Rep. John Hines [D]	Rep. Robert Johnson [D]
Rep. Sara Thomas [D]	Rep. Percy Watson [D]	Rep. Adrienne Wooten [D]

Date	Chamber	Action
2012-03-06		Died In Committee
2012-02-03		Referred To Banking and Financial Services

Type	Source
Summary	https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB0039.xml
Text	https://billstatus.ls.state.ms.us/documents/2012/html/HB/0001-0099/HB0039IN.htm