SB2856Introduced in the Senate
Motor vehicles; prevent perfection of security interest in when subject to statutory possessory lien.
Introduced by Joseph Seymour, District 47
What does this bill do?
Plain-English breakdown
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Official description
An Act To Amend Section 63-21-43, Mississippi Code Of 1972, To Provide That A Security Interest In A Motor Vehicle May Not Be Perfected While The Vehicle Is Subject To A Valid Statutory Possessory Lien; To Require A Secured Party Seeking To Perfect A Security Interest To Certify To The Department Of Revenue That No Such Possessory Lien Exists Or Obtain Written Consent From The Holder Of Such A Lien; To Provide That Any Security Interest Filed In Violation Of This Act Shall Be Unperfected Against The Holder Of The Possessory Lien And Subordinate In Priority To That Lien; To Bring Forward Sections 63-21-16, 75-9-333, 85-7-107 And 85-7-251, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.
Where it stands
Died In Committee
February 3, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Referred To Finance
Died In Committee
Verify the information
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