AN ACT TO ENACT THE MISSISSIPPI MONEY TRANSMISSION MODERNIZATION ACT; TO STATE THE PURPOSE AND INTENT OF THE ACT; TO DEFINE TERMS; TO PROVIDE CERTAIN EXEMPTIONS TO THE ACT; TO PROVIDE PROVISIONS ON THE IMPLEMENTATION OF THE ACT, CONFIDENTIALITY UNDER THE ACT, THE COMMISSIONER'S SUPERVISION OF THE ACT, AND THE RELATIONSHIP OF THE ACT TO FEDERAL LAW; TO PROVIDE FOR MONEY TRANSMISSION LICENSES; TO PROVIDE FOR ACQUISITION OF CONTROL AND NOTICE AND INFORMATION REQUIREMENTS FOR A CHANGE OF KEY INDIVIDUALS; TO PROVIDE REPORTING AND RECORD REQUIREMENT UNDER THE ACT; TO PERMIT AUTHORIZED DELEGATES; TO REQUIRE CERTAIN DISCLOSURES BY LICENSEES; TO SET FORTH CERTAIN PRUDENTIAL STANDARDS; TO PROVIDE ENFORCEMENT PROVISIONS; TO AUTHORIZE THE COMMISSIONER TO INVESTIGATE POSSIBLE VIOLATIONS OF THE ACT; TO PROVIDE THAT THIS ACT SHOULD BE CONSTRUED AND APPLIED TO PROMOTE UNIFORMITY OF LAW; TO PROVIDE A THAT THE PROVISIONS OR APPLICATIONS OF THIS ACT SHALL BE SEVERABLE; TO PROVIDE FOR A TRANSITION PERIOD; TO REPEAL SECTION 75-15-1, MISSISSIPPI CODE OF 1972, WHICH IS THE CHAPTER OF LAW THAT CREATES THE MISSISSIPPI MONEY TRANSMITTERS ACT; AND FOR RELATED PURPOSES.