2024 Regular Session • Mississippi Legislature
HB1377: MS Consumer Alternative Installment Loan Act; require Dept.of Banking to issue memo authorizing new maximum loan amount and revise amount calculation.
Legislative Summary
An Act To Amend Section 75-67-181, Mississippi Code Of 1972, To Require The Mississippi Department Of Banking And Consumer Finance To Issue A Memo On July 1, 2024, And On July 1 For Each Subsequent Calendar Year, Authorizing A New Maximum Loan Amount As Permitted Under This Act; To Provide The Method Of Calculating Such New Maximum Loan Amount; And For Related Purposes.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
2/19/2024
Referred To Banking and Financial Services
House of Representatives
2/28/2024
Title Suff Do Pass Comm Sub
House of Representatives
3/7/2024
Committee Substitute Adopted
House of Representatives
3/7/2024
Passed
House of Representatives
3/8/2024
Transmitted To Senate
House of Representatives
3/21/2024
Referred To Business and Financial Institutions
Senate
4/2/2024
Died In Committee
Senate
Roll Call Votes
House Passed
3/7/2024
113
Yea
5
Nay
4
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Failed(4/2/2024)
Chamber
Senate
Sine Die
Sponsors
Republican: 9
Democrat: 3
Primary Sponsor
Shane Aguirre
Republican