Did not become law. It stopped in the House of Representatives's Banking and Financial Services Committee on February 2, 2010. The 2010 session has ended.
2010 Regular Session
House Bill 1121
Sale of Checks Act; rename "MS Money Transmitters Act: and make various amendments.
What it does
The synopsis the Legislature published with the bill.
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.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
January 18 to February 2, 2010, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesJan 18 to Feb 2 · stopped15 days
Banking and Financial ServicesJan 18 to Feb 2 · stopped15 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.
In the House of Representatives Jan 18 – Feb 2
- Jan 18Referred to the House committee on Banking and Financial Services
- Feb 2Died in committee in the House
All 2 actions, as published
- Jan 18Referred To Banking and Financial ServicesHouse of Representatives
- Feb 2Died In CommitteeHouse of Representatives