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MS SB2534
Bill
AI Summary
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Increases initial pawnbroker license fee from unspecified amount to $750.00 and annual renewal fee to $475.00, with fees deposited into the Consumer Finance Fund.
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Requires pawn ticket records for firearms to include make, model, caliber or gauge, and serial number as identifying information.
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Establishes that applicants cannot have felony convictions to be eligible for a pawnbroker license and prohibits beneficial ownership by convicted felons.
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Authorizes the Commissioner of Banking to charge examination fees of $300.00 to $600.00 per office location, with licensees examined no more than once per two-year period unless for cause.
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Provides liability protection for licensees acting in conformity with rules, regulations, or interpretations issued by the Commissioner of Banking or other state and federal agencies.
Legislative Description
Mississippi Pawnshop Act; make various amendments.
Last Action
Died In Committee
2/1/2011