MS HB940 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on June 29 2020 - 100% progression
Action: 2020-06-29 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

Summary

An Act To Authorize A Financial Institution To Delay The Completion Of A Financial Transaction, If Certain Employees Of The Financial Institution Believe 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 10 Calendar 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


Roll Calls

2020-06-17 - House - House Concurred in Amend From Senate (Y: 118 N: 0 NV: 2 Abs: 0) [PASS]
2020-06-10 - Senate - Senate Passed As Amended (Y: 49 N: 2 NV: 1 Abs: 0) [PASS]
2020-03-04 - House - House Passed (Y: 116 N: 1 NV: 4 Abs: 0) [PASS]

History

DateChamberAction
2020-06-29 Approved by Governor
2020-06-23SenateEnrolled Bill Signed
2020-06-22HouseEnrolled Bill Signed
2020-06-17HouseConcurred in Amend From Senate
2020-06-11SenateReturned For Concurrence
2020-06-10SenatePassed As Amended
2020-06-10SenateAmended
2020-06-01SenateTitle Suff Do Pass As Amended
2020-05-12SenateReferred To Business and Financial Institutions
2020-03-05HouseTransmitted To Senate
2020-03-04HousePassed
2020-02-25HouseTitle Suff Do Pass
2020-02-14HouseReferred To Banking and Financial Services

Mississippi State Sources


Bill Comments

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