§ 75-15-32. Commissioner authorized to examine persons suspected of conducting business requiring a license
The commissioner, or his duly authorized representative, for the purpose of discovering violations of this chapter and for the purpose of determining whether persons are subject to the provisions of this chapter, may examine persons licensed under this chapter and persons reasonably suspected by the commissioner of conducting business that requires a license under this […]
§ 75-15-33. Construction of chapter
The masculine, feminine and neuter genders shall each include the others and the singular shall include the plural.
§ 75-15-35. Compliance with state and federal money laundering laws
Each licensee shall comply with state and federal money laundering laws, including, but not limited to, the federal “Bank Secrecy Act,” 12 USC Section 1951 et seq.
§ 75-15-13. Investigation; granting of license
Upon the filing of the application, the payment of the investigation fee and license fee, and the approval by the commissioner of the bond or securities delivered under Section 75-15-11, the commissioner shall investigate the financial responsibility, financial and business experience, character and general fitness of the applicant, and, if he deems it advisable, of […]
§ 75-15-15. Annual license fee
Each licensee shall pay to the commissioner with his initial application a license fee of Seven Hundred Fifty Dollars ($750.00), and annually thereafter on or before April 1 of each year, a renewal fee of Four Hundred Dollars ($400.00), plus Fifty Dollars ($50.00) for each location in excess of one (1) in Mississippi through which […]
§ 75-15-17. Agents; appointment of subagents to conduct money transmission prohibited
A licensee may conduct his business at one or more locations within this state and through or by means of such agents as the licensee may from time to time designate or appoint.No license under this chapter shall be required of any agent of a licensee, provided that this exemption shall apply only to the […]
§ 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
Each licensee shall file with the commissioner within fifteen (15) days of the last business day of each month a report of the total amount of outstanding money transmissions in Mississippi.The principal sum of the surety bond or deposit required in Section 75-15-11 shall be adjusted, if appropriate, to reflect any changes in outstanding money […]
§ 75-15-21. Exempt agents
Nothing in this chapter shall be deemed to require a licensee to list agents which are exempt by the provisions of Section 75-15-7 of this chapter.
§ 75-15-23. Liability of licensee
Each licensee shall be liable for the payment of all money transmissions and for all checks that the licensee sells, in whatever form and whether directly or through an agent, as the maker or drawer thereof according to the negotiable instrument laws of this state, and shall be responsible only for those acts of the […]
§ 75-15-25. Limitation on outstanding money transmissions or checks in Mississippi
Whenever the bond or securities deposit required under Section 75-15-11 is less than Five Hundred Thousand Dollars ($500,000.00), the licensee may not at any time have a total amount in outstanding money transmissions or checks in Mississippi, in excess of the bond or securities deposit required of him under Section 75-15-11, and the licensee shall, […]