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MississippiSB 27122026 Regular SessionSenateWALLET

Small Loan Regulatory Law; authorize licensee to charge fee for nonrecording insurance in lieu of recording cost.

Sponsored By: Chris Johnson (Republican)

Signed by Governor

Judiciary ABusiness and Financial Institutions

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

New fee for small-loan borrowers

Beginning July 1, 2026, Mississippi small-loan lenders may charge a fee on loans of $100 or more instead of the actual cost of recording loan security documents. The fee pays for nonrecording insurance and cannot exceed the Secretary of State’s fees for filing an initial financing statement and an amendment. Lenders are allowed, but not required, to charge it.

Sponsors & Cosponsors

Sponsor

  • Chris Johnson

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 192 • No: 8

Senate vote • 3/13/2026

Concurred in Amend From House

Yes: 46 • No: 1

House vote • 3/10/2026

Passed As Amended

Yes: 99 • No: 5 • Other: 10

Senate vote • 2/12/2026

Passed

Yes: 47 • No: 2 • Other: 3

Actions Timeline

  1. Approved by Governor

    3/25/2026legislature

  2. Enrolled Bill Signed

    3/18/2026House

  3. Enrolled Bill Signed

    3/18/2026Senate

  4. Concurred in Amend From House

    3/13/2026Senate

  5. Returned For Concurrence

    3/11/2026House

  6. Passed As Amended

    3/10/2026House

  7. Amended

    3/10/2026House

  8. Title Suff Do Pass As Amended

    3/3/2026House

  9. Referred To Judiciary A

    2/16/2026House

  10. Transmitted To House

    2/13/2026Senate

  11. Passed

    2/12/2026Senate

  12. Title Suff Do Pass

    2/2/2026Senate

  13. Referred To Business and Financial Institutions

    1/19/2026Senate

Bill Text

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