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MS HB783
Bill
Status
2/1/2022
Primary Sponsor
Charles Young
Click for details
AI Summary
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Active and retired public employees receiving direct deposit through Mississippi Public Employees' Retirement System (PERS) or Mississippi Highway Safety Patrol Retirement System (MHSPRS) are exempt from processing fees or penalties for checks drawn on accounts with insufficient funds
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The exemption applies only when the overdraft was solely caused by an error from the employer or retirement system that resulted in delayed deposit, and the employee had no prior notice of the error
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Amends multiple Mississippi Code sections governing savings banks, check fraud penalties, and professional licensing boards (dentistry, real estate appraisers, real estate brokers, home inspectors) to incorporate this exemption
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Removes bad check handling fees for qualifying public employees across various state regulatory entities including the Dental Board, Real Estate Appraiser Commission, Real Estate Commission, and Home Inspector Commission
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Effective date is July 1, 2022
Legislative Description
Public employees; exempt from bad check fees caused by error in direct deposit made by their employer or retirement system.
Last Action
Died In Committee
2/1/2022