On October 14, 2017, the Indiana Department of Financial Institutions issued a new bond form for their Money Transmitter License to correct the language, making it consistent with their existing statute. This new bond form must replace the bonds currently issued through NMLS Electronic Surety Bond (ESB) functionality.

The revised bond form must be issued for the Money Transmitter License no later than December 31, 2017. Not doing so may impact the license renewal for 2018.

Nevada Converting to Electronic Surety Bonds on NMLS

On December 1, 2017, the Nevada Division of Mortgage Lending will start using the new Electronic Surety Bond (ESB) through NMLS.

More information on ESB is available here.

Six State Agencies Using NMLS MSB Call Report

Starting in Q1 2018, the following state agencies will start using the NMLS MSB Call Report: ​Indiana Department of Financial Institutions, Iowa Division of Banking, New York Department of Financial Institutions, Ohio Department of Commerce, West Virginia Department of Banking, and Wisconsin Department of Financial Institutions. The Q1 2018 submission of the NMLS MSB Call Report is due 45 days after the third quarter end, on May 15, 2018.

More information on the NMLS MSB Call Report can be found here.