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MS HB1361
Bill
Status
Failed
3/1/2022
Primary Sponsor
Jerry Turner
Click for details
AI Summary
- Permits employees of state-licensed motor vehicle sales finance companies to work from home or other remote locations selected by the employee
- Requires licensees to ensure all customer interactions occur in-person at business locations, not remote locations, and not designate remote locations as business addresses to consumers
- Mandates licensees maintain data security safeguards including secure virtual private networks, conduct risk-based monitoring of remote work, and prohibit storage of consumer information at remote locations
- Requires licensees to provide employee training on maintaining confidentiality of consumer conversations conducted from remote locations and ensure remote work environments are conducive to privacy
- Authorizes the commissioner to charge licensees for special examinations based on average daily examiner costs plus actual expenses, with fees deposited into the Department of Banking and Consumer Finance's Maintenance Fund
Legislative Description
Motor Vehicle Sales Finance Law; clarify employees of state licensee may work remotely.
Last Action
Died In Committee
3/1/2022
Committee Referrals
Business and Financial Institutions2/16/2022
Banking and Financial Services1/17/2022
Full Bill Text
No bill text available