Arkansas — Money Transmitter - NMLS Bond
Transmitting funds and other money services may involve different licensed activities.
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- Recorded state
- Arkansas
- Bond type
- Money Transmitter / Money Services Bond
- Category
- Financial services
What this bond does
Transmitting funds and other money services may involve different licensed activities. A financial-services form may secure defined licensing duties or the proper handling of customer funds.
- Who needs it
- Licensed financial businesses and individuals identifying a bond for their actual regulated activity.
- Who it protects
- A licensing bond does not insure borrowers against every loss or establish that an investment or lending activity is approved.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Have these ready
- Map receipt, custody, and delivery of customer funds, including any agents who accept payments for the business.
- List the activities performed and the legal entities performing them.
- Bring the licensing request and relevant account or application identifiers.
- Have the legal applicant name, named recipient and requested form available.
- Keep the requested amount and effective period separate from the premium quoted for your application.
Questions about this bond
Which money-service activities appear on the license?
Map receipt, custody, and delivery of customer funds, including any agents who accept payments for the business. Match the applicant’s role and covered activity to the written request before selecting a form.
Should the application name the lender, broker, or servicer?
Use the entity and licensed capacity in the request. Arranging a loan, funding it, servicing payments, and transmitting money involve different duties. Include the licensing account or identifier and disclose each activity relevant to the requested form.
How much will I pay?
The bond amount is the sum of the obligation or protection, not the purchase price. Review the premium and application conditions with the provider before paying. Any separately stated E&O limit is insurance coverage.
What happens after I select Purchase Now?
You continue to the provider in a new tab. Review the applicant, form, amount and effective dates before completing your application. Keep the issued document and deliver it using the requesting party’s instructions; payment alone does not grant a license or permit.