MS SB2202 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 12 2020 - 100% progression
Action: 2020-03-12 - Died On Calendar
Text: Latest bill text (Comm Sub) [HTML]

Summary

An Act To Authorize A Financial Institution To Delay The Completion Of A Financial Transaction, If The Institution Believes In Good Faith That A Requested Transaction May Result In, Or Be The Result Of, Exploitation Of An Eligible Person; To Provide That A Transaction Delay Will Expire Upon Either A Good-faith Determination By The Financial Institution That The Transaction Will Not Result In Exploitation, Or 15 Business Days, Unless The Department Of Human Services Or A Law Enforcement Authority Requests That The Financial Institution Extend The Delay; To Require The Financial Institution To Notify The Department Of Human Services And Authorize The Financial Institution To Notify Other Certain Individuals If A Transaction Is Delayed; To Limit The Liability Of A Financial Institution That Either Delays A Transaction Or Does Not Delay A Transaction; And For Related Purposes.

Tracking Information

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Title

Financial institutions; authorize to delay a transaction upon good-faith belief that eligible person will be exploited.

Sponsors


History

DateChamberAction
2020-03-12SenateDied On Calendar
2020-02-27SenateTitle Suff Do Pass Comm Sub
2020-01-29SenateReferred To Judiciary, Division A

Mississippi State Sources


Bill Comments

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