NOTICE: Money Transmitters May Now Join NMLS
DFI will begin using the NMLS to manage licensed money transmitters starting Aug. 1. Through this system, a company can apply for, amend and renew its license conveniently and safely online. This transition is not currently required, but is highly recommended by DFI. Instructions can be found here
. A transition to the new system also will satisfy this year's renewal requirements.
2. Complete the application form as specifically instructed and have it signed and notarized. Please answer all questions. Or apply online using NMLS
3. Submit all other required documents as described in the application.
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. For NMLS users, there also is a $100 processing fee.
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 Jonathan Bright
by email or at 502-573-3390, ext. 251 with questions regarding applications, licensing, registration or exemptions.
Contact Gary Davis
by email or at 502-429-3290, ext. 237 regarding regulatory or compliance questions.