Loading chat...
MS HB1021
Bill
Status
4/20/2024
Primary Sponsor
Henry Zuber
Click for details
AI Summary
-
Authorizes the Commissioner of Banking and Consumer Finance to establish rules allowing certain purchased goods to be stored off-premises at secure, nonresidential locations instead of on pawnbroker premises.
-
Authorizes the Commissioner to establish rules allowing certain pledged goods to be stored off-premises at secure, nonresidential locations, with exceptions for the 30-day period following the maturity date.
-
Amends Mississippi Code sections 75-67-309 and 75-67-315 to implement off-premises storage authorization for pawnbrokers.
-
Takes effect July 1, 2024.
Legislative Description
Pawnbrokers; authorize Commissioner of Banking to establish by rule a process allowing certain purchased and/or pledged goods to be stored off premises.
Last Action
Approved by Governor
4/20/2024