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Bill > HB1369


MS HB1369

MS HB1369
Real estate brokers license; reduce penalty for late renewal of from 100% to 50% of renewal fee.


summary

Introduced
01/19/2026
In Committee
01/19/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 73-35-17, Mississippi Code Of 1972, To Reduce The Penalty For A Person Licensed As A Real Estate Broker Who Does Not Pay The License Renewal Fee When It Becomes Due From One Hundred Percent Of The Renewal Fee To Fifty Percent Of The Renewal Fee; To Bring Forward Section 73-35-7 And 73-35-18, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.

AI Summary

This bill proposes to amend Mississippi law regarding real estate broker licenses by reducing the penalty for late renewal from 100% of the renewal fee to 50% of the renewal fee. This change specifically applies to real estate brokers who fail to pay their license renewal fee by the due date and are notified of their delinquency. The bill also includes provisions to bring forward existing sections of the Mississippi Code of 1972 related to real estate broker licensing requirements and continuing education for potential future amendments, and it specifies an effective date of July 1, 2026.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

bill text


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