On Mar. 12, MS LEG passed bill on reviews, hearings, resolution.
MS LEG passed SB 2423 on real estate license amending, suspension, revocation.
Amended MS LEG 73-35-10 (background investigation requirement for licenses), MS LEG 73-35-23 (commission authority related to violations, hearings, subpoenas).
Document dated Mar. 12, 2025, was received on Apr. 15 due to a fixed feed.
Bill Provisions
Required written notice to licensees whose license is subject to disciplinary review.
Standard of proof for hearings changed from preponderance to clear and convincing.
Complaints to be resolved by dismissal/issuance of formal complaint within 120 days.
Final resolution of complaints must be resolved within one year of licensee notice.
Legislative History
On Jan. 20, 2025, bill introduced in Senate; on Feb. 11, 2025, bill passed in Senate.
On Feb. 14, 2025, bill introduced in House; on Mar. 5, 2025, bill passed in House.
On Mar. 12, 2025, SB 2423 was approved by the governor.
Effectiveness
SB 2423 will become effective on Jul. 1, 2025.
Regulators
MS LEG
Entity Types
Corp
Reference
Bill SB2423, 3/12/2025; Citation: *MS LEG* 73-35-10, 73-35-23;
