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Money Transmitter Financial Services Industry Licenses

Alston & Bird

The (Bay) State of the Model Money Transmission Modernization Act

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Massachusetts has joined the growing list of states that have at least partially adopted the Model Money Transmission Modernization Act. Our Financial Services Group examines the model act, how the Bay State has adopted it,...more

Orrick, Herrington & Sutcliffe LLP

New Hampshire enacts a new money transmission law

On August 23, New Hampshire Governor Chris Sununu signed HB 1241 (the “Act”) into law, creating new money transmitter licensing requirements, and adjusting renewal procedures for certain consumer credit entities. The Act...more

Ballard Spahr LLP

Ohio Adds Money Transmitter License to NMLS

Ballard Spahr LLP on

On January 1, 2018, the Ohio Division of Financial Institutions will start accepting new application and transition fillings for the Money Transmitter License on NMLS....more

Ballard Spahr LLP

Indiana Issues New Bond for Money Transmitter License

Ballard Spahr LLP on

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...more

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