Mississippi Guaranteeing Fair Banking Act; enact.

An Act To Create New Sections 81-31-1 Through 81-31-17, Mississippi Code Of 1972, To Enact The Mississippi Guaranteeing Fair Banking Act; To Provide That A Person Against Whom A Financial Institution Takes An Adverse Action May Request A Statement Of Specific Reasons For The Adverse Action Within 90 Days After Receiving Notice Of The Action; To Require A Financial Institution To Transmit The Statement Within 30 Days After Receiving The Request; To Prohibit A Financial Institution From Discriminating In The Provision Of Financial Services To A Person And From Failing To Provide Or Providing False Or Intentionally Misleading Information In The Statement Of Specific Reasons For The Adverse Action; To Exempt Certain Actions Taken By A Financial Institution, Provided That The Action Was Made In Good Faith And Not Motivated By Animus Or A Desire To Discriminate In The Provision Of Covered Financial Services Against A Person; To Provide That Any Violation Of The Mississippi Guaranteeing Fair Banking Act Shall Constitute An Unfair Or Deceptive Act Or Practice Prohibited By Section 75-24-1, Et Seq.; To Set Forth Legal Remedies For Violations; To Entitle A Financial Institution, Upon A Showing Of Clear And Convincing Evidence, To Reasonable Attorney's Fees And Court Costs From A Plaintiff Who Files A Civil Action Under The Mississippi Guaranteeing Fair Banking Act In Bad Faith; To Set Forth Rules Of Construction; To Define Certain Terms And Phrases; To Amend Section 75-24-5, Mississippi Code Of 1972, To Conform; And For Related Purposes.