HB1226

Mississippi HB1226 increases the service charge for dishonored checks, drafts, orders, or electronically converted checks to $40.

Mississippi HB1226 amends Section 97-19-57 of the Mississippi Code of 1972 to increase the service charge for dishonored checks, drafts, orders, or electronically converted checks to $40. This change applies to checks, drafts, orders, or electronically converted checks that are dishonored by the drawee or payor's bank. The bill also specifies that a notice of dishonor must be sent by regular mail and includes an affidavit of service by mailing.