Mississippi HB547 allows check cashing businesses and credit availability licensees to pass on third-party processing fees to customers, with clear.
Mississippi HB547 amends state law to allow check cashing businesses and credit availability licensees to pass on third-party processing fees for debit and credit card transactions to customers. This bill requires businesses to provide clear and conspicuous notice to customers before completing a transaction, detailing the fee amount, the purpose of the fee, and the payment methods it applies to. The bill also includes provisions for handling fees, late fees, and fees for repossession and sale of collateral. The changes will take effect from July 1, 2026.
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