MS SB2822

Requires small loan licensees to disclose to borrowers the payment amount with and without optional products when a borrower elects to purchase optional products with a loan.

Mandates that licensees report each loan made under the Small Loan Regulatory Law to a consumer credit data repository within 90 days from the date the loan is made.

Amends Section 75-67-127 of the Mississippi Code of 1972 to incorporate these new disclosure and reporting requirements.

Takes effect July 1, 2014, and automatically repeals on July 1, 2017.