Mississippi Senate passes bill to grow vehicle title-lending

Mississippi Senate passes bill to grow vehicle title-lending

Mississippi Senate passes bill to grow vehicle title-lending

The Mississippi Senate authorized installment-loan legislation Wednesday that supporters say creates options for cash-strapped borrowers but has opponents stressing it expands predatory financing.

The bill, SB2409, won passage on a 38-11 vote.

Supporters of legislation authored by Sen. Rita Potts Parks, chairwoman for the company and Financial Institutions Committee, tout it in order to guarantee short-term loans are available following the U.S. Czytaj więcej about Mississippi Senate passes bill to grow vehicle title-lending