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MS HB547

Bill

Official Source

Status

Enrolled

3/10/2026

Primary Sponsor

Henry Zuber

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Authorizes licensed check cashing businesses and credit availability transaction providers in Mississippi to pass third-party credit and debit card processing fees directly to customers
  • Requires clear and conspicuous notice to customers before completing transactions, including the fee amount, that the fee is for card use, and which payment methods incur the fee
  • Limits the passable fee to the actual single transaction cost charged by the third-party processor—no markup permitted
  • Existing fee caps for check cashing remain unchanged: 3% for government checks, 10% for personal checks, and 5% for other checks/money orders (or $5 minimum)
  • Takes effect July 1, 2026

Legislative Description

Check cashers and MS Credit Availability licensees; authorize to pass credit/debit card fees to customers.

Last Action

Due From Governor 03/18/26

3/12/2026

Committee Referrals

Business and Financial Institutions2/18/2026
Banking and Financial Services1/12/2026

Full Bill Text

No bill text available