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Mississippi laws for payday loans

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PostPosted: Fri Dec 07, 2007 6:10 pm

does anyone know the laws for mississippi payday loans??
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PostPosted: Fri Dec 07, 2007 7:11 pm

Quote:
Mississippi State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Miss. Code Ann. ยง 75-67-501 et seq.

Loan Terms:
Maximum Loan Amount: $400
Loan Term: Max: 30 days
Maximum Finance Rate and Fees: 18% of check
Finance Charge for 14-day $100 loan: $22
APR for 14-day $100 loan: 572%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or otherwise extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: NSF fee; Court-awarded fees (if disclosed)
Criminal Action: Prohibited (When check returned due to NSF)

Where to Complain, Get Information:
Regulator: Mississippi Department of Banking and Consumer Finance
Address: 901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201
Phone: (601) 359-1031
Fax: (601) 359-3557
Regulatory Contact: Ronny Harrison,, Chief Examiner, Consumer Finance Division
Regulator Website
http://www.dbcf.state.ms.us/

volleyballmom
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PostPosted: Sun Dec 09, 2007 10:45 am

hey volley! I love the CHRISTMAS STORY! =)
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aminah
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PostPosted: Sun Dec 09, 2007 6:21 pm

Aminah sighting!!! Very Happy I miss you!
volleyballmom
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PostPosted: Mon Dec 10, 2007 7:26 am

ROFLMAO! I miss you too. Been busy, havent had time to even check my email! Hope all is well with you!
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PostPosted: Mon Dec 10, 2007 7:30 am

Aminah hey is it really you??????
kashzan
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PostPosted: Mon Dec 10, 2007 7:56 am

YEAH! HI KASH! Boy I missed you TOO! Wink
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PostPosted: Mon Dec 10, 2007 7:59 am

It is you!!!! It is you!!!! It is you!!!!!
You werwe missed so much.

kashzan
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PostPosted: Mon Dec 10, 2007 8:03 am

I have been really busy with doctor appointments left and right. And I havent had time to get on the computer.
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PostPosted: Mon Dec 10, 2007 8:14 am

Aminah!!! Very Happy
volleyballmom
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PostPosted: Mon Dec 10, 2007 9:55 am

Hey Volley!!!! Very Happy
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