Mississippi House Bill 780 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 15-0)
Status: Failed on February 1 2011 - 100% progression
Action: 2011-02-01 - 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 Amount Of The Principal Amount That Remains Unpaid; And For Related Purposes.

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

Rep. Willie Bailey [D]	Rep. Billy Broomfield [D]	Rep. Clara Burnett [D]	Rep. Bryant Clark [D]
Rep. Alyce Clarke [D]	Rep. Tyrone Ellis [D]	Rep. James Evans [D]	Rep. John Hines [D]
Rep. Robert Johnson [D]	Rep. Wilbert Jones [D]	Rep. Willie Perkins [D]	Rep. Walter Robinson [D]
Rep. Omeria Scott [D]	Rep. Rufus Straughter [D]	Rep. Adrienne Wooten [D]

Date	Chamber	Action
2011-02-01		Died In Committee
2011-01-14		Referred To Banking and Financial Services

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0780.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0700-0799/HB0780IN.htm