Mississippi House Bill 953 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 29 2021 - 100% progression
Action: 2021-03-29 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Regulate Managing Agents Of Homeowners Associations Regarding Their Deposit And Management Of Association Funds; To Provide Certain Definitions For The Act; To Require Transfers Of Funds Above A Certain Amount To Be Authorized By Prior Written Board Approval; To Prohibit The Managing Agent From Commingling The Funds Of The Association With The Managing Agents Own Money Or With The Money Of Others That The Managing Agent Receives Or Accepts; To Provide That Currently Commingled Funds Shall Be Separated By A Certain Date; To Require The Managing Agent To Provide To The Homeowners Association Certain Financial Information Relating To The Funds Of The Association Before Every Regular Meeting And Upon Request Of The Association; To Provide The Board Of A Homeowners Association To Conduct Certain Periodic Financial Reviews; To Authorize Special Or Regularly Scheduled Meetings To Be Held By Electronic Transmission Or By Other Means Of Remote Communication; To Require Homeowners Associations To Maintain Fidelity Bond Coverage For Its Directors And Officers; To Provide That If The Association Uses A Managing Agent Or Management Company, The Association's Fidelity Bond Coverage Shall Additionally Include Dishonest Acts By That Person Or Entity And Its Employees; To Provide That The Bond Requirement Shall Not Apply If A Majority Of The Members Of The Association Vote Not To Have It; And For Related Purposes.

Homeowners' associations; regulate managing agents of and require financial reviews by.

Rep. Lee Yancey [R]

2021-03-18 - House - House Concurred in Amend From Senate (Y: 116 N: 0 NV: 6 Abs: 0) [PASS]
2021-03-09 - Senate - Senate Passed As Amended (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-10 - House - House Passed (Y: 116 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2021-03-29		Approved by Governor
2021-03-22	Senate	Enrolled Bill Signed
2021-03-22	House	Enrolled Bill Signed
2021-03-18	House	Concurred in Amend From Senate
2021-03-10	Senate	Returned For Concurrence
2021-03-09	Senate	Passed As Amended
2021-03-09	Senate	Amended
2021-03-02	Senate	Title Suff Do Pass As Amended
2021-02-17	Senate	Referred To Business and Financial Institutions
2021-02-12	House	Transmitted To Senate
2021-02-10	House	Passed
2021-02-10	House	Committee Substitute Adopted
2021-01-28	House	Title Suff Do Pass Comm Sub
2021-01-18	House	Referred To Banking and Financial Services

Type	Source
Summary	https://billstatus.ls.state.ms.us/2021/pdf/history/HB/HB0953.xml
Text	https://billstatus.ls.state.ms.us/documents/2021/html/HB/0900-0999/HB0953IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2021/html/HB/0900-0999/HB0953CS.htm
Text	https://billstatus.ls.state.ms.us/documents/2021/html/HB/0900-0999/HB0953PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2021/html/HB/0900-0999/HB0953SG.htm
Amendment	https://billstatus.ls.state.ms.us/documents/2021/html/sam/HB0953_S_Cmte_Amend_01.htm
Roll Call	https://billstatus.ls.state.ms.us/2021/pdf/votes/house/0370010.pdf
Roll Call	https://billstatus.ls.state.ms.us/2021/pdf/votes/senate/0640079.pdf
Roll Call	https://billstatus.ls.state.ms.us/2021/pdf/votes/house/0730023.pdf