No person shall engage in the business of being a consumer loan broker before posting the bond and obtaining the license as required by this chapter. Any person violating this section is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than One Thousand Dollars ($1,000.00) or by imprisonment in the county jail for not more than six (6) months, or by both such fine and imprisonment.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 19 - Consumer Loan Broker Act
§ 81-19-5. License requirement; penalty for violation
§ 81-19-7. Exclusions from chapter coverage
§ 81-19-9. License application; fee; surety requirement
§ 81-19-15. Renewal of license; penalty for failure to pay fee
§ 81-19-19. Deposit of funds collected into Consumer Finance Fund
§ 81-19-21. Contracts to be written; enumeration of charges
§ 81-19-31. Service charge not to be construed as finance charge or interest
§ 81-19-33. Effect of failure to comply with chapter on underlying transaction
§ 81-19-35. Right to hearing upon denial or revocation of license; notice; appeal; review