DBCF Civil Money Penalty Fund

There is created in the State Treasury a special fund to be designated as the “DBCF Civil Money Penalty Fund,” which shall consist of funds received from settlements related to violations committed under the former “Mississippi Money Transmitters Act,” which was repealed by House Bill No. 1428, 2025 Regular Session, the “Money Transmission Modernization Act,” which was enacted by House Bill No. 1428, 2025 Regular Session, and the “Mississippi S.A.F.E. Mortgage Act” and any funds from any other source designated for deposit into the fund. Monies in the fund shall be disbursed by the Mississippi Department of Banking and Consumer Finance, upon appropriation by the Legislature, for the purpose of assessment, remediation, operation and maintenance, oversight and administration of licensees within the Consumer Finance and Mortgage divisions of the agency. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the fund shall be deposited to the credit of the fund.