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MS HB1282
Bill
Status
Failed
3/6/2012
Primary Sponsor
Lester Carpenter
Click for details
AI Summary
- Prohibits contractors from depositing or cashing payments made under a joint check agreement without authorization from all signees to the agreement
- Defines "joint check agreement" as an agreement between two or more parties allowing one party to pay a balance due by writing a check issued to two or more payees
- Establishes violations as misdemeanors punishable by fines up to $500 per violation
- Requires violating contractors to pay restitution to all signees, court costs, and reasonable attorney's fees
- Effective July 1, 2012
Legislative Description
Contractors; prohibit deposit or cashing of a joint check agreement without authorization of all signees.
Last Action
Died In Committee
3/6/2012
Full Bill Text
No bill text available