False pretenses; increase service charge for dishonored check, draft, order or electronically converted check.

Summary

The bill changes Mississippi law so that anyone whose check, draft, order or electronic debit is returned unpaid must pay a $40 service charge (or $100 for certain notices) within 15 days of receiving a mailed notice. If the payment is not made, the law presumes the issuer intended to defraud and knew there were insufficient funds. The amendment applies to both paper and electronic transactions and would have taken effect on July 1, 2026.

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