The State of Nevada, Department of Business and Industry, Financial Institutions Division, otherwise known as the FID, regulates and administers the Money Transmitter or Payment of Money program and has oversight of the licensing, as well as handling of auditing and consumer complaints.The Nevada Revised Statutes Chapter 671 defines the regulations, license, and application requirements for issuers of instruments for transmissions or payment of money.
The premium that you pay for an Nevada Money Transmitter Surety Bond is dependent on credit and the bond amount required. Personal and business financial statements will be required for the underwriting process if the bond amount is more than $50,000.
A Nevada money transmitter licenses must be renewed prior to July 1 of each year.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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