HB 1237

AN ACT TO BE KNOWN AS THE MISSISSIPPI GUARANTEEING FAIR BANKING ACT; TO PROVIDE THAT, IF A FINANCIAL INSTITUTION TAKES AN ADVERSE ACTION AGAINST A PERSON, THAT PERSON MAY REQUEST A STATEMENT OF SPECIFIC REASONS FOR THE ADVERSE ACTION; TO PROHIBIT FINANCIAL INSTITUTIONS FROM DISCRIMINATING IN THE PROVISION OF FINANCIAL SERVICES TO A PERSON DUE TO A PERSON'S RELIGION, SPEECH OR PARTICIPATION IN A LAWFUL ECONOMIC ACTIVITY; TO PROVIDE DAMAGES FOR VIOLATIONS OF THIS ACT; TO AMEND SECTION 75-24-5, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A VIOLATION OF THIS ACT SHALL BE AN UNFAIR OR DECEPTIVE TRADE ACT OR PRACTICE; TO BRING FORWARD SECTIONS 81-1-119, 81-12-211 AND 81-14-201, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.