Jeff Amy/The Associated Press
JACKSON — Mississippi lawmakers may never need to debate pay day loan interest prices once more.
Their state Senate offered approval that is final to House Bill 559, which deletes the requirement that lawmakers sporadically restore authorization for the loans. The 31-13 and goes to Gov. Phil Bryant for their consideration. It might be legislation instantly.
At Mississippi payday loan providers, borrowers will get loans that are short-term composing checks that cover the quantity lent, plus charges.