l9n/ Mississippi

2020 Regular Session

House Bill 940

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

Became law as Chapter 415, Laws of 2020, signed June 29, 2020, 136 days after it was filed.

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 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.

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

3 co-sponsors

Shane Aguirre, Otis Anthony, Debra Gibbs

Its course

February 14 to June 29, 2020, 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 action13 actions on 12 days

In the House of RepresentativesFeb 14 to Mar 419 days

Banking and Financial ServicesFeb 14 to Feb 2511 days

In the SenateMar 4 to Jun 1098 days

Business and Financial InstitutionsMay 12 to Jun 120 days

Back in the House of RepresentativesJun 10 to Jun 2212 days

With the GovernorJun 22 to Jun 297 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Jun 10

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 Feb 14 – Mar 4

  1. Feb 14Referred to the House committee on Banking and Financial Services
  2. Feb 25Reported from committee in the House: title sufficient, do pass
  3. Mar 4Passed the House

In the Senate Mar 5 – Jun 10

  1. Mar 5Sent to the Senate
  2. May 12Referred to the Senate committee on Business and Financial Institutions
  3. Jun 1Reported from committee in the Senate: title sufficient, do pass as amended
  4. Jun 10Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Jun 11 – Jun 22

  1. Jun 11Returned to the House to concur in the Senate's amendments
  2. Jun 17Concurred in the House in the Senate's amendments
  3. Jun 22Enrolled bill signed in the House

To the Governor Jun 23 – Jun 29

  1. Jun 23Enrolled bill signed in the Senate
  2. Jun 29Approved by the Governor
All 13 actions, as published
  1. Feb 14Referred To Banking and Financial ServicesHouse of Representatives
  2. Feb 25Title Suff Do PassHouse of Representatives
  3. Mar 4PassedHouse of Representatives
  4. Mar 5Transmitted To SenateHouse of Representatives
  5. May 12Referred To Business and Financial InstitutionsSenate
  6. Jun 1Title Suff Do Pass As AmendedSenate
  7. Jun 10AmendedSenate
  8. Jun 10Passed As AmendedSenate
  9. Jun 11Returned For ConcurrenceSenate
  10. Jun 17Concurred in Amend From SenateHouse of Representatives
  11. Jun 22Enrolled Bill SignedHouse of Representatives
  12. Jun 23Enrolled Bill SignedSenate
  13. Jun 29Approved by GovernorGovernor