Service charge; increase for certain payments refused due to insufficient funds from $40 to $100.

SB 2738 increases the service charge for bounced checks and electronic payments in Mississippi from $40 to $100 when a check, draft, or electronic payment is refused due to insufficient funds. It directly affects individuals or businesses that write checks or initiate electronic payments that bounce, requiring them to pay the $100 fee within 15 days of receiving a notice from the bank. The bill updates notice templates sent to the payor (the person who wrote the check) to reflect the new $100 fee and states that failure to pay within 15 days creates a legal presumption of intent to defraud. This is a straightforward fee adjustment with no new criminal penalties, solely changing the amount charged for insufficient funds.