MS HB1338

Amends bank merger procedures in Section 81-5-85 to align with Mississippi Business Corporation Act Article 11, Chapter 4 of Title 79, including merger plan approval by the commissioner and charter amendment filing.

Authorizes Mississippi-chartered or domiciled banks offering open-end credit to assess finance charges, credit service charges, and fees at rates equal to or less than rates imposed by out-of-state banks on Mississippi customers under federal "most favored lender" doctrine.

Permits Mississippi banks to adopt interest rates, finance charges, and fees from other states and apply them in the same manner as the originating state permits, including assessing multiple out-of-state credit account terms within a single account.

Establishes that rates and fees adopted by Mississippi banks under these provisions are authorized by Mississippi law for purposes of federal law (12 U.S.C. §§ 85, 1831d, 1730g) regarding exportation of interest rates and related charges.

Effective date: July 1, 2018.