Mississippi Money Transmitters Act

  1. Law
  2. Mississippi Code
  3. Regulation of Trade, Commerce and Investments
  4. Mississippi Money Transmitters Act

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Section
75-15-1

Citation

Section
75-15-3

Definitions

Section
75-15-5

License required

Section
75-15-7

Exemption from license requirement

Section
75-15-9

Applications and qualifications

Section
75-15-11

Accompanying financial statement, bond, proof of registration as money service business, and set of fingerprints; denial of license to certain individuals convicted of certain crimes

Section
75-15-12

Licensees required to possess permissible investments having an aggregate market value of at least the aggregate amount of outstanding checks

Section
75-15-13

Investigation; granting of license

Section
75-15-15

Annual license fee

Section
75-15-17

Agents; appointment of subagents to conduct money transmission prohibited

Section
75-15-19

Monthly report of total amount of outstanding money transmissions; annual financial statement; examination or audit of books and records; certain books and records to be maintained for five years

Section
75-15-21

Exempt agents

Section
75-15-23

Liability of licensee

Section
75-15-25

Limitation on outstanding money transmissions or checks in Mississippi

Section
75-15-27

Revocation of license; notice; hearing; appeals

Section
75-15-29

Bond increase

Section
75-15-31

Penalties

Section
75-15-32

Commissioner authorized to examine persons suspected of conducting business requiring a license

Section
75-15-33

Construction of chapter

Section
75-15-35

Compliance with state and federal money laundering laws