MS SB2817

Amends Section 81-5-1, Mississippi Code of 1972, to renumber and clarify general parity and open-end credit parity provisions for state-chartered banks.

Allows Mississippi-chartered or domiciled banks offering open-end credit to assess finance charges, credit service charges, and fees equal to or less than those permitted for financial institutions in other states under federal "most favored lender" doctrine.

Requires banks using these provisions to document in their records the rates, fees, permissible states, and identity of one or more financial institutions being used as reference.

Permits banks to impose interest rates, finance charges, and fees from multiple out-of-state financial institutions on a single open-end credit account and to assess them using the same computation methods as the originating state.

Authorizes banks to adopt interest rates and fee structures from other states that are otherwise permissible under Mississippi law, regardless of whether the computation method differs from Mississippi requirements.