Business and Financial Institutions

2020 Regular Session

Business and Financial Institutions

Bill Number Bill Description Bill Status
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 775
Bad Policy
Home inspector license; require applicants to undergo certain background checks. Alive
Analysis: This bill requires a background check for someone to obtain home inspector licensure. The free market is best equipped to determine if someone is suited to become a home inspector, not the state government.
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 1103
Neutral
MS Real Estate Commission; authorize an appeal to act as a supersedeas and to stay any rule or decision until resolved. Alive
Analysis: This bill stipulates that any order, rule or decision issued by the Mississippi Real Estate Commission shall not go into effect so long as an appeal of that order is issued within 30 days of the order.
HB 1138
Bad Policy
Self-storage facilities; regulate rental agreements and owners' liens. Alive
Analysis: This policy expands regulations over liens and rental agreements with self-storage facilities.
HB 1212
Bad Policy
Real Estate Brokers License; revise the requirements to be granted such a license. Alive
Analysis: This would increase the time it takes for a real estate agent to become a broker from 12 months to 36 months. This is simply an attempt by current license holders to use the government to fend off new competition.
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:
SB 2076
Not Rated
State Board of Funeral Service; authorize to establish continuing education requirements for certain licensees. Dead
Analysis:
SB 2092
Not Rated
Restaurants; prohibit from deducting credit card processing fees from employees' gratuities. Dead
Analysis:
SB 2165
Not Rated
Financial statement filed with Secretary of State by nonprofit free clinics; require instead of full audit. Dead
Analysis:
SB 2208
Not Rated
Railroad company stockholders; authorize to have the same rights as shareholders of corporation under MS Business Corporation Act. Dead
Analysis:
SB 2231
Not Rated
Contractors; allow to do business in any municipality or county without local license under certain conditions. Dead
Analysis:
SB 2381
Not Rated
Occupational Licensing Review Commission; require supervision of civil actions brought by occupational licensing boards. Dead
Analysis:
SB 2417
Not Rated
Pawnbroker transactions; clarify items to be included in 'transactional information.' 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 2524
Not Rated
Credit transaction; prohibit discrimination against an applicant. Dead
Analysis:
SB 2530
Not Rated
Alcoholic beverages; authorize the issuance of retailers permits to businesses that derive the majority of revenue from tobacco sales. Dead
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:
SB 2790
Not Rated
Occupational Licensing Review Commission; authorize active supervision over existing occupational regulations. Alive
Analysis:
SB 2843
Not Rated
Credit transaction; prohibit discrimination against an applicant. Dead
Analysis:
SB 2854
Not Rated
Real estate brokers license; revise requirement for. Dead
Analysis:
SB 2861
Not Rated
Liens; revise provisions providing for an owner's lien on personal property in self-storage facilities. Dead
Analysis:
SB 2862
Not Rated
Home inspectors; require background checks for licensure. Dead
Analysis:
SB 2863
Not Rated
Public funds depositories; authorize certain credit unions to qualify as. Dead
Analysis:
SN 5
Not Rated
John Richard (John) Laws, III, Madison, Mississippi, State Board of Contractors as a Building Contractor representative, term effective immediately and ending June 30, 2023. Alive
Analysis:
SN 21
Not Rated
Joe William Stedman, Natchez, Mississippi, Mississippi Real Estate Commission as the real estate broker, four year term beginning July 1, 2020 and ending June 30, 2024, representing the Third Congressional District. Alive
Analysis:
KEY: * = Amended % = 3/5ths Vote Required V = Vetoed
  $ = Revenue @ = Exempted From Deadline P = Partially Vetoed