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Bill > SB2738
MS SB2738
MS SB2738Service charge; increase for certain payments refused due to insufficient funds from $40 to $100.
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 97-19-57, Mississippi Code Of 1972, To Increase From $40.00 To $100.00 The Service Charge For The Making, Drawing, Issuing, Uttering, Delivering, Or Initiation Of A Check, Draft, Order, Electronically Converted Check, Or Electronic Commercial Debit Payment Of Which Is Refused By The Drawee Due To Insufficient Funds In Or On Deposit With Such Bank, Corporation, Firm Or Person; And For Related Purposes.
AI Summary
This bill proposes to increase the service charge for checks or electronic payments that are refused due to insufficient funds from $40 to $100 in Mississippi. This means that if someone writes a check or initiates an electronic payment that bounces because they don't have enough money in their account, the amount they owe to the payee, in addition to the original amount of the payment, will now include a higher fee of $100 if they don't pay within 15 days of receiving notice. This change aims to provide a greater financial consequence for such transactions, which are considered prima facie evidence of intent to defraud under Mississippi law.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2738.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/2700-2799/SB2738IN.htm |
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