MS SB2194

Amends Mississippi banking law to require that single-borrower loan limits (20% of a bank's unimpaired capital and surplus) must now include credit exposure from derivative transactions

Defines "derivative transaction" as any contract, agreement, swap, warrant, note, or option based on commodities, securities, currencies, interest rates, indices, or other assets

Maintains existing exemptions from the 20% lending limit for loans secured by warehouse receipts, U.S. government bonds, Mississippi state bonds, federal guarantees, and funds on deposit with the lending bank

Holds officers and directors personally liable for the full principal and interest of any loan or extension of credit that violates these limits

Exempts loans to the State of Mississippi, political subdivisions, and levee districts from these lending limitations