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MS SB2534

Bill

Status

Failed

2/1/2011

Primary Sponsor

Gary Jackson

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • 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.

  • Requires pawn ticket records for firearms to include make, model, caliber or gauge, and serial number as identifying information.

  • Establishes that applicants cannot have felony convictions to be eligible for a pawnbroker license and prohibits beneficial ownership by convicted felons.

  • 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.

  • 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

Full Bill Text

No bill text available