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MS HB792
Bill
Status
Passed
3/8/2018
Primary Sponsor
Henry Zuber
Click for details
AI Summary
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Amends Section 81-22-3 of the Mississippi Code to add a new exemption category to the definition of "debt management service provider"
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Excludes for-profit debt management service providers from state licensing requirements if they: (1) do not receive or hold consumer funds, (2) do not charge fees until a settlement is approved by the consumer, and (3) are regulated by the Federal Trade Commission
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Effective July 1, 2018
Legislative Description
MS Debt Management Services Act; exclude certain debt management service providers from the definition of "debt management service provider" under.
Last Action
Approved by Governor
3/8/2018
Committee Referrals
Business and Financial Institutions2/12/2018
Banking and Financial Services1/11/2018
Full Bill Text
No bill text available