Questions and Answers for Money Transmitters
- What is money transmission?
- What State laws or regulations govern money transmitters?
- Do I need a money transmitter's license?
- What is the difference between a money transmitter and an authorized delegate of a money transmitter?
- What are the application requirements and the application and licensing fees?
- What is a principal office?
- What is a location?
- What are the security requirements for money transmitters?
- What are the other key application requirements?
- Will the information in a money transmitter application be made public?
- Is there anything else to submit in addition to what is required in the application?
- How and when is a money transmitter license renewed?
- Are money transmitters subject to examination?
- Must a licensed money transmitter maintain certain records?