MS SB2652 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 29 2010 - 100% progression
Action: 2010-03-29 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 29 2010 - 100% progression
Action: 2010-03-29 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Amend Section 75-15-1, Mississippi Code Of 1972, To Change The Name Of The Chapter From The "sale Of Checks Law" To The "money Transmitters Act"; To Amend Section 75-15-3, Mississippi Code Of 1972, To Define Certain Terms; To Amend Section 75-15-5, Mississippi Code Of 1972, In Conformity; To Amend Section 75-15-7, Mississippi Code Of 1972, To Revise The Exemptions Provided In The Act; To Amend Section 75-15-9, Mississippi Code Of 1972, To Provide That Applicants For Licensure Shall Not Have Been Convicted Of A Felony Or Certain Misdemeanors; To Amend Section 75-15-11, Mississippi Code Of 1972, To Revise The Surety Bond Requirement For Licensees; To Amend Sections 75-15-13, 75-15-15 And 75-15-17, Mississippi Code Of 1972, In Conformity; To Amend Section 75-15-19, Mississippi Code Of 1972, To Require Certain Licensees To Submit Reports Of Outstanding Money Transmissions On A Monthly Basis And To Require Licensees To Maintain Certain Records; To Amend Section 75-15-23, Mississippi Code Of 1972, In Conformity; To Amend Section 75-15-25, Mississippi Code Of 1972, To Revise The Limitation On The Total Amount In Outstanding Money Transmissions Or Checks Of Licensees; To Amend Section 75-15-27, Mississippi Code Of 1972, To Clarify That A License Shall Be Automatically And Finally Revoked Upon Failure By Licensee To File When Due Certain Information Required By Law; To Amend Section 75-15-29, Mississippi Code Of 1972, To Revise The Maximum Amount By Which The Commissioner May Increase The Surety Bond Or Deposit Required By Licensees; To Amend Section 75-15-31, Mississippi Code Of 1972, In Conformity; To Create A New Section To Require Certain Licensees To Possess Permissible Investments Having An Aggregate Market Value Of Not Less Than The Aggregate Amount Of Outstanding Checks; To Create A New Section To Require Each Licensee To Comply With State And Federal Money Laundering Laws; And For Related Purposes.
Title
Sale of Checks Act; rename "MS Money Transmitters Act" and make various amendments.
Sponsors
Roll Calls
2010-03-17 - Senate - Senate Concurred in Amend From House (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-02 - House - House Passed As Amended (Y: 116 N: 0 NV: 6 Abs: 0) [PASS]
2010-02-10 - Senate - Senate Passed (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-02 - House - House Passed As Amended (Y: 116 N: 0 NV: 6 Abs: 0) [PASS]
2010-02-10 - Senate - Senate Passed (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-29 | Approved by Governor | |
| 2010-03-23 | Enrolled Bill Signed | |
| 2010-03-22 | Enrolled Bill Signed | |
| 2010-03-17 | Concurred in Amend From House | |
| 2010-03-03 | Returned For Concurrence | |
| 2010-03-02 | Passed As Amended | |
| 2010-03-02 | Amended | |
| 2010-02-23 | Title Suff Do Pass As Amended | |
| 2010-02-16 | Referred To Banking and Financial Services | |
| 2010-02-11 | Transmitted To House | |
| 2010-02-10 | Passed | |
| 2010-02-10 | Committee Substitute Adopted | |
| 2010-02-02 | Title Suff Do Pass Comm Sub | |
| 2010-01-14 | Referred To Business and Financial Institutions |
