MISSISSIPPI LEGISLATURE

2003 Regular Session

To: Banks and Banking

By: Representative Fillingane                (By Request)

House Bill 950

AN ACT TO ALLOW PERSONS WHO PURCHASE GOODS FROM ANY BUSINESS IN MISSISSIPPI TO HAVE A REFUND OF CASH OR CREDIT TO A CHARGE ACCOUNT INSTEAD OF HAVING TO TAKE A STORE CREDIT; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  Every business in this state shall provide any person who purchases goods from the business the option of a refund of cash, credit to a charge account or store credit when the purchaser returns the goods in compliance with the return policy of the business.

     SECTION 2.  Section 1 of this act shall be codified in Title 75, Mississippi Code of 1972.

     SECTION 3.  This act shall take effect and be in force from and after July 1, 2003.