MS SB2464

Defines "open account" broadly to include accounts for single or multiple transactions involving goods or services, based on oral or written agreements, including debts for professional services like legal, medical, and construction services

Requires debtors who fail to pay an open account within 30 days after receiving written demand with an invoice or itemized statement to pay reasonable attorney's fees if judgment is rendered against them

Clarifies that open account invoices may or may not include written terms of sale, and written demand is not required to be made by any specific method

Allows prevailing defendants in open account lawsuits to recover reasonable attorney's fees from the plaintiff

Exempts retail sales installment contracts assigned to lenders licensed under Mississippi's Small Loan Regulatory Law (Sections 75-67-201 through 75-67-247) from these provisions