75-67-105 - License required. - Mississippi Statutes

§ 75-67-105. License required.
 

(1)  No person shall engage in the business of lending money except as authorized by this article, and without being the holder of a valid and subsisting license to engage in such business as provided by the Small Loan Privilege Tax Law (Section 75-67-201 et seq.). 

(2)  Every person engaged in the business of lending money as authorized by this article shall have a physical office located in the State of Mississippi. A separate license is required for each office doing business in the State of Mississippi. Each electronic loan processing machine owned or operated by a licensed office is required to possess a separate license and have a permanent address with loan records to be maintained in a designated licensed office in the state. 
 

Sources: Codes, 1942, § 5591-03; Laws,  1958, ch. 179, § 3; Laws,  1996, ch. 423, § 2; Laws, 1997, ch. 332, § 4, eff from and after passage (approved March 17, 1997).