l9n/ Mississippi

2019 Regular Session

House Bill 1328

Financial institutions; authorize to delay completion of transaction if it may result in exploitation of certain persons.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on March 5, 2019. The 2019 session has ended.

What it does

The synopsis the Legislature published with the bill.

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 FIFTEEN 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.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

1 co-sponsor

Patricia H. Willis

Its course

January 21 to March 5, 2019, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action6 actions on 6 days

In the House of RepresentativesJan 21 to Feb 717 days

Banking and Financial ServicesJan 21 to Feb 515 days

In the SenateFeb 7 to Mar 5 · stopped26 days

Business and Financial InstitutionsFeb 26 to Mar 5 · stopped7 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 21 – Feb 7

  1. Jan 21Referred to the House committee on Banking and Financial Services
  2. Feb 5Reported from committee in the House: title sufficient, do pass
  3. Feb 7Passed the House

In the Senate Feb 8 – Mar 5

  1. Feb 8Sent to the Senate
  2. Feb 26Referred to the Senate committee on Business and Financial Institutions
  3. Mar 5Died in committee in the Senate
All 6 actions, as published
  1. Jan 21Referred To Banking and Financial ServicesHouse of Representatives
  2. Feb 5Title Suff Do PassHouse of Representatives
  3. Feb 7PassedHouse of Representatives
  4. Feb 8Transmitted To SenateHouse of Representatives
  5. Feb 26Referred To Business and Financial InstitutionsSenate
  6. Mar 5Died In CommitteeSenate