75-67-525 - Engaging in business without license; penalty. [Repealed effective July 1, 2012]. - Mississippi Statutes

§ 75-67-525. Engaging in business without license; penalty. [Repealed effective July 1, 2012].
 

(1)  Any person who engages in the business of check cashing without first securing a license prescribed by this article shall be guilty of a misdemeanor and upon conviction thereof, shall be punishable by a fine not in excess of One Thousand Dollars ($1,000.00) or by confinement in the county jail for not more than one (1) year, or both. 

(2)  Any person who engages in the business of check cashing without first securing a license prescribed by this article shall be liable for the full amount of the license fee, plus a penalty in an amount not to exceed Twenty-five Dollars ($25.00) for each day that the person has engaged in the business without a license. All licensing fees and penalties shall be paid into the Consumer Finance Fund of the Department of Banking and Consumer Finance. 
 

Sources: Laws,  1998, ch. 587, § 13; reenacted and amended, Laws, 1999, ch. 481, § 13; Laws, 2001, ch. 534, § 4; reenacted without change, Laws, 2003, ch. 341, § 14; reenacted without change, Laws, 2007, ch. 488, § 14, eff from and after July 1, 2007.