Banking and Financial Services

2020 Regular Session

Banking and Financial Services

Bill Number Bill Description Bill Status
HB 244
Not Rated
Pawnbrokers, title pledge lenders and check cashers; reduce maximum rate of interest that they may charge for their services. Dead
Analysis:
HB 288
Not Rated
Credit reports; prohibit release of information unless authorized by the consumer. Dead
Analysis:
HB 396
Not Rated
Public employees; exempt from bad check fees caused by error in direct deposit made by their employer or retirement system. Dead
Analysis:
HB 411
Bad Policy
Pawnbroker tranactions; clarify items to be included in 'transactional information.' Dead
Analysis: This bill requires that pawn brokers maintain a detailed list of all items that pass through their store and supply that list to any state agency upon request. This is a government regulation on a private entity that passes along the responsibility of law enforcement from the government to private citizens.
HB 485
Not Rated
Retail businesses; those that accept credit cards for payment shall have video cameras to record persons using the cards. Dead
Analysis:
HB 597
Neutral
Department of Revenue; authorize to revise individual income tax forms to allow taxpayer to designate two bank accounts for direct deposit. Alive
Analysis:
HB 636
Bad Policy
Homeowners' associations; regulate managing agents of and require financial reviews by. Alive
Analysis: This bill needlessly regulates the activities of Homeowner's Associations. This overregulation will cause HOA fees to increase and will generally hinder the ability of HOAs to operate.
HB 682
Not Rated
MS S.A.F.E. Mortgage Act; extend repealer on. Dead
Analysis:
HB 940
Good Policy
Financial institutions; authorize to delay a transaction upon good-faith belief that eligible person will be exploited. Alive
Analysis: This bill authorizes financial institutions to delay a transaction if they believe the transaction involves the exploitation of the customer who requested it. As a general rule, financial authorizations, as private entities, should be free to make these judgement calls on their own without being granted government authority.
HB 1058
Good Policy
Trust fund; authorize hospitals to maintain fund consisting of commingled funds of other hospitals for necessary expenses. Alive
Analysis: This bill authorizes hospitals to maintain a shared trust fund with another hospital of different ownership. Private entities ought to have the right to do with their funds as they please, this bill restores one of those rights.
HB 1071
Good Policy
Property exempt from seizure under execution or attachment; include Roth individual retirement accounts. Alive
Analysis: This bill adds money included in Roth IRAs to the list of items unavailable for seizure by the state government. While all personal property should be exempt from government seizure, this bill is still a step in the right direction.
HB 1318
Not Rated
Residential real estate loans; prohibit discrimination based upon certain criteria. Dead
Analysis:
HB 1378
Neutral
Mississippi S.A.F.E. Mortgage Act; remove repealer, clarify record keeping requirements and estimate of costs provided to borrower. Alive
Analysis:
HB 1495
Not Rated
Open account; define term and require account creditor to send demand to current address of account debtor through certain means. Dead
Analysis:
SB 2427
Not Rated
MS S.A.F.E. Mortgage Act; remove repealer, clarify record keeping requirements, clarify estimate of costs provided to borrower. Alive
Analysis:
SB 2546
Not Rated
Dept. of Revenue; authorize to revise individual income tax forms to allow designation of two bank accounts for direct deposit. Alive
Analysis:
KEY: * = Amended % = 3/5ths Vote Required V = Vetoed
  $ = Revenue @ = Exempted From Deadline P = Partially Vetoed