MS HB1436

Amends Mississippi Code sections 75-67-313 and 75-67-413 to cap pawnbroker and title pledge lender charges at an annual percentage rate of 25% per annum on the unpaid principal amount, effective July 1, 2019.

Modifies section 75-67-519 to limit check cashing fees for delayed deposit checks to an annual percentage rate of 25% on the face amount of the check, replacing the previous per-hundred-dollar fee structure.

Voids any pawn or title pledge transaction where fees, charges, or interest exceed the 25% annual percentage rate cap.

Maintains existing regulations on title pledge extensions requiring 10% principal reduction per extension and prohibiting capitalization of accrued charges into principal.

Preserves check cashing provisions including $500 maximum face amount per transaction, prohibition on check renewals, and restrictions on late fees for returned checks.