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. HISTORY: Laws, 2010, ch. 448, 17, eff from and after July 1, 2010. Editors Notes The Bank Secrecy Act, referred to in this section, now appears at 31 USCS 5311 et seq.

This legal document, part of the Mississippi Code, requires any person conducting business in Mississippi and owning, licensing, or maintaining personal information of any resident of Mississippi to provide notice of a breach of security involving personal information to all affected individuals. The document defines terms such as ‘breach of security’ and ‘personal information’ and specifies the obligations of businesses in disclosing breaches and conducting investigations. It also outlines the methods of providing notice and allows for substitute notice under certain circumstances.

The provided legal document content pertains to the Uniform Commercial Code Negotiable Instruments in the state of Mississippi. It serves as a reference for individuals and entities engaged in commercial transactions and negotiable instruments. The document provides historical information about the chapter’s citation and comparable laws from other states. It also references judicial decisions under the current law and former UCC 75-3-101. The content includes specific cases related to the classification of trust deeds, the use of negotiable instruments in consumer credit transactions, and the rights of holders in due course.

This legal document, as per the Mississippi Code 1972, governs the collection of items by depositary banks and collecting banks. According to the document, when a customer delivers an item to a depositary bank for collection, the depositary bank becomes a holder of the item at the time of receipt, regardless of whether the customer indorses the item. If the bank satisfies the other requirements of Section 75-3-302, it is considered a holder in due course.

This legal document governs the medium and time of settlement by a bank. It specifies that the medium and time of settlement may be prescribed by Federal Reserve regulations, clearinghouse rules, or agreements. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve bank or specified by the person to receive settlement. The time of settlement varies depending on the method of tender, such as cash, credit in a Federal Reserve bank account, credit or debit to a bank account, or funds transfer.

This legal document, part of the Mississippi Code 1972, falls under the regulation of trade, commerce, and investments, specifically the Uniform Commercial CodeBank Deposits and Collections. It governs the final payment of an item by a payor bank, the timing at which provisional debits and credits become final, and when certain credits become available for withdrawal. The document outlines the conditions under which an item is considered finally paid by a payor bank, including payment in cash, settlement without the right to revoke, or failure to revoke a provisional settlement within the permitted time.

This legal document, part of the Mississippi Code 1972, specifically focuses on the regulation of the collection of items by payor banks. It outlines the actions that a payor bank can take to revoke a settlement for a demand item, such as returning the item, returning an image of the item if agreed upon, or sending a record providing notice of dishonor or nonpayment if the item is unavailable for return.

This legal document, as part of the Mississippi Code 1972, falls under the regulation of trade, commerce, and investments, specifically the Uniform Commercial CodeBank Deposits and Collections. It pertains to the collection of items by payor banks. The document states that any knowledge, notice, stop-payment order, or legal process received by a payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge its customer’s account if the bank has already accepted or certified the item, paid it in cash, settled for the item without the right to revoke the settlement, become accountable for the amount of the item, or if a cutoff hour has passed.

This legal document, part of the Mississippi Code 1972, specifically falls under the Uniform Commercial CodeBank Deposits and Collections. It governs the relationship between a payor bank and its customer regarding the charging of the customer’s account. According to the document, a bank may charge a customer’s account for an item that is properly payable, even if it creates an overdraft. The item must be authorized by the customer and in accordance with any agreement between the customer and the bank.

This legal document, governed by the Mississippi Code 1972, specifically falls under the Regulation of Trade, Commerce and Investments and the Uniform Commercial CodeBank Deposits and Collections. It outlines the customer’s right to stop payment on any item drawn on their account or close the account by providing an order to the bank. The order must describe the item or account with reasonable certainty and be received in a timely manner to allow the bank to act on it.