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Bill > HB547

MS HB547

MS HB547
Check cashers and MS Credit Availability licensees; authorize to pass credit/debit card fees to customers.

summary

Introduced
01/12/2026
In Committee
02/18/2026
Crossed Over
02/10/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 75-67-517, Mississippi Code Of 1972, To Authorize A Check Cashing Business To Pass A Third-party Processing Company's Fees For The Use Of A Debit Or Credit Card On To The Customer; To Amend Section 75-67-619, Mississippi Code Of 1972, To Authorize A Licensee Who Is Authorized To Provide Credit Availability Transactions To Pass A Third-party Processing Company's Fees For The Use Of A Debit Or Credit Card On To The Customer; And For Related Purposes.

AI Summary

This bill allows licensed check cashing businesses and businesses authorized to provide "credit availability transactions" (which are essentially short-term loans) in Mississippi to pass on fees charged by third-party payment processors for debit and credit card use directly to their customers. Previously, these businesses were restricted in the fees they could charge for check cashing and credit availability. Under this new law, if a customer chooses to pay with a debit or credit card, the business must clearly inform the customer before the transaction is completed about the specific fee amount, that it's for using a card, and which payment methods it applies to, and the fee can only be for the actual cost the business incurs from the payment processor for that specific transaction.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Title Suff Do Pass (on 02/26/2026)

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