Consumer Loan Broker Act

  1. Law
  2. Mississippi Code
  3. Banks and Financial Institutions
  4. Consumer Loan Broker Act

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Section
81-19-1

Short title

Section
81-19-3

Definitions

Section
81-19-5

License requirement; penalty for violation

Section
81-19-7

Exclusions from chapter coverage

Section
81-19-9

License application; fee; surety requirement

Section
81-19-11

Investigation of applicant; issuance or denial of license; time limit for acting on applications

Section
81-19-13

Separate licenses required for each location; movement of licensed location; surrender of license

Section
81-19-15

Renewal of license; penalty for failure to pay fee

Section
81-19-17

Supervision of licensees by commissioner; regulations; examination of licensees' records, etc.; administrative fines; injunctions against licensees violating chapter; administrative fine

Section
81-19-18

Commissioner authorized to examine persons suspected of conducting business requiring a license

Section
81-19-19

Deposit of funds collected into Consumer Finance Fund

Section
81-19-21

Contracts to be written; enumeration of charges

Section
81-19-23

Activities prohibited; violation; penalties; borrower's remedies

Section
81-19-25

Records of licensee; retention

Section
81-19-27

Separate account required for charges and fees collected by broker; authorization to withdraw from account

Section
81-19-29

Suspension or revocation of license; grounds; commissioner may to enter orders to require persons to refrain from violations

Section
81-19-31

Service charge not to be construed as finance charge or interest

Section
81-19-33

Effect of failure to comply with chapter on underlying transaction

Section
81-19-35

Right to hearing upon denial or revocation of license; notice; appeal; review