l9n/ Mississippi

2022 Regular Session

House Bill 933

Homeowners' associations; regulate managing agents of and provide certain requirements for.

Became law as Chapter 361, Laws of 2022, signed March 22, 2022, 64 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 79-11-751, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT BOARD APPROVAL FOR TRANSFERS OF FUNDS GREATER THAN $10,000.00 IS NOT REQUIRED TO BE IN WRITTEN FORM; TO AMEND SECTION 79-11-753, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AT ALL REGULARLY SCHEDULED MEETINGS, THE BOARD OF A HOMEOWNERS ASSOCIATION IS ONLY REQUIRED TO REVIEW THE LATEST ACCOUNT STATEMENTS PREPARED BY THE FINANCIAL INSTITUTIONS WHERE THE ASSOCIATION HAS ITS OPERATING AND RESERVE ACCOUNTS; TO REMOVE THE DEFINITION FOR REMOTE COMMUNICATION; TO AMEND SECTION 79-11-757, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT BOARD APPROVAL FOR TRANSFERS OF FUNDS GREATER THAN $10,000.00 IS NOT REQUIRED TO BE IN WRITTEN FORM; TO AMEND SECTION 79-11-759, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT HOMEOWNERS ASSOCIATIONS MAY MAINTAIN COMPARABLE INSURANCE COVERAGE FOR ITS DIRECTORS AND OFFICERS AS AN ALTERNATIVE TO FIDELITY BOND COVERAGE; TO PROVIDE THAT THE MANAGING AGENT IS SOLELY RESPONSIBLE FOR ENSURING COMPLIANCE WITH THE PROVISIONS OF THIS ACT; TO PROVIDE THAT ANY BANK OR SAVINGS ASSOCIATION WITH WHOM A TRUST FUND ACCOUNT IS OPENED SHALL BE HELD HARMLESS FROM ANY LIABILITIES, COSTS, EXPENSES, OR FEES INCURRED BY SUCH BANK OR SAVINGS ASSOCIATION AS A RESULT OF ANY ACTION BROUGHT UNDER THIS ACT; TO BRING FORWARD SECTION 79-11-755, MISSISSIPPI CODE OF 1972, FOR PURPOSES OF POSSIBLE AMENDMENT; 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

Its course

January 17 to March 22, 2022, 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 action12 actions on 11 days

In the House of RepresentativesJan 17 to Feb 822 days

Banking and Financial ServicesJan 17 to Feb 115 days

In the SenateFeb 8 to Mar 929 days

Business and Financial InstitutionsFeb 11 to Feb 2211 days

With the GovernorMar 9 to Mar 2213 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 17 – Feb 8

  1. Jan 17Referred to the House committee on Banking and Financial Services
  2. Feb 1Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 8Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 10 – Mar 9

  1. Feb 10Sent to the Senate
  2. Feb 11Referred to the Senate committee on Business and Financial Institutions
  3. Feb 22Reported from committee in the Senate: title sufficient, do pass
  4. Mar 9Passed the Senate

To the Governor Mar 10 – Mar 22

  1. Mar 10Returned to the House for enrolling
  2. Mar 14Enrolled bill signed in the House
  3. Mar 15Enrolled bill signed in the Senate
  4. Mar 22Approved by the Governor
All 12 actions, as published
  1. Jan 17Referred To Banking and Financial ServicesHouse of Representatives
  2. Feb 1Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 8Committee Substitute AdoptedHouse of Representatives
  4. Feb 8PassedHouse of Representatives
  5. Feb 10Transmitted To SenateHouse of Representatives
  6. Feb 11Referred To Business and Financial InstitutionsSenate
  7. Feb 22Title Suff Do PassSenate
  8. Mar 9PassedSenate
  9. Mar 10Returned For EnrollingSenate
  10. Mar 14Enrolled Bill SignedHouse of Representatives
  11. Mar 15Enrolled Bill SignedSenate
  12. Mar 22Approved by GovernorGovernor