Mississippi SB2738 increases the service charge for dishonored checks and electronic payments from $40 to $100.
Mississippi SB2738 amends Section 97-19-57 of the Mississippi Code to raise the service charge for dishonored checks, drafts, orders, electronically converted checks, and electronic commercial debits from $40 to $100. This change applies to payments refused due to insufficient funds. The bill also modifies the notice requirements for dishonored payments, including the form and method of delivery. The new service charge and notice provisions are set to take effect from July 1, 2026.
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