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MS HB1495

Bill

Status

Failed

3/3/2020

Primary Sponsor

Timmy Ladner

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Defines "open account" as any commercial transaction (single or series) for sale of goods or services based on oral or written agreement where the account debtor pays after receipt and invoice, including sales on written terms not agreed to in writing by the debtor

  • Requires account creditors to send written demand for payment to the account debtor's current address via registered/certified mail, priority mail, commercial delivery service (within 2 business days), email with delivery receipt, or hand delivery with affidavit

  • Makes account debtors liable for reasonable attorney's fees, expenses, and costs set by the court when judgment is rendered in favor of the account creditor after failure to pay within 30 days of written demand

  • Allows evidence of demand receipt by the account debtor's spouse living together to satisfy the demand requirement, and permits courts to find sufficient written demand based on attempted delivery notation if due diligence is shown

  • Brings forward Section 11-53-67 relating to fee bills for possible amendment without making substantive changes

  • Takes effect July 1, 2020

Legislative Description

Open account; define term and require account creditor to send demand to current address of account debtor through certain means.

Last Action

Died In Committee

3/3/2020

Committee Referrals

Banking and Financial Services2/17/2020

Full Bill Text

No bill text available