Bill > HB1500

This bill establishes new regulations for residential builders and remodelers in Mississippi, focusing on transparency and fair pricing. The legislation requires licensed contractors to provide customers with a detailed, itemized statement upon request within 15 business days of completing a job, which must include invoices, fees, material receipts, and the total fee for the completed project. The State Board of Contractors is mandated to create a clear framework for acceptable fee ranges, with specific limitations: for large projects, fees cannot exceed 20% of construction costs, and for small projects, hourly rates are capped at $150 per hour. Contractors who violate these requirements may face disciplinary action, including potential suspension or revocation of their license, and charging fees outside the established range will be considered an unfair or deceptive trade practice under consumer protection laws. The bill aims to protect consumers by promoting transparency, preventing excessive charges, and providing a standardized approach to pricing in residential construction and remodeling projects. The new regulations will take effect on July 1, 2025, giving contractors and the State Board of Contractors time to prepare and establish the necessary guidelines.

Business and Industry

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB1500.xml