Bill Text: MS HB868 | 2014 | Regular Session | Comm Sub

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Bill Title: Limited lines credit insurance producers; require to report certain numbers to Department of Banking and Consumer Finance.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2014-02-13 - Died On Calendar [HB868 Detail]

Download: Mississippi-2014-HB868-Comm_Sub.html

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MISSISSIPPI LEGISLATURE

2014 Regular Session

To: Banking and Financial Services

By: Representative Barton

House Bill 868

(COMMITTEE SUBSTITUTE)

AN ACT TO REQUIRE SMALL LOAN LICENSEES TO REPORT CREDIT INSURANCE POLICIES SOLD VERSUS THE NUMBER OF LOANS MADE ANNUALLY TO THE MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  Licensees under the Small Loan Regulatory Law (Section 75-67-101 et seq.) and the Small Loan Privilege Tax Law (Section 75-67-201 et seq.) shall report the number of credit insurance policies sold versus the number of loans made annually to the Mississippi Department of Banking and Consumer Finance.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2014.