2. Complete the application form as specifically instructed and have it signed and notarized. Please answer all questions.
3. Submit a surety bond.
4. Forward the State License Confirmation form to all states in which the business is currently licensed and operating.
Upon receipt of a complete application, processing time is approximately 45 days, at which time you will receive a letter of approval and a license certificate.
The money transmitter licenses are renewed annually on Sept. 20, prior to the Sept. 30 expiration date. The renewal fee is $500.
NOTE: If the money transmitter individuals change, a new Money Transmission Business Applicant Individual Background Form must be submitted at that time.
For More Information
Contact
Rodney Gabbard by email or at 502-573-3390, ext. 251 with questions regarding applications, licensing, registration or exemptions.
Contact
Chris Thompson by email or at 502-573-3390, ext. 243 regarding regulatory or compliance questions.