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MS HB820
Bill
Status
2/2/2021
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Requires all contracts to use a minimum font size of 10 point, effective July 1, 2021, with any contract portion using smaller font declared unenforceable.
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Amends retail installment contract requirements to increase minimum printed font from 8 point to 10 point, and increases bold type for notices and buyer acknowledgments from 10 point to 12 point.
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Modifies premium finance agreement requirements to increase minimum printed font from 8 point to 10 point, effective July 1, 2021.
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Updates statutory language in Sections 63-19-31 and 81-21-13 to reflect terminology changes and gender-neutral pronouns throughout retail installment and premium finance agreements.
Legislative Description
Contracts; require to be written in large print.
Last Action
Died In Committee
2/2/2021