Any person or entity engaging in the business of money transmission in Colorado, which includes selling or issuing payment instruments or stored value, or receiving money for transmission. Required when: Application for and maintenance of a money transmitter license. Exemptions: Federally insured depository institutio…
Overview
What it is.
Any person or entity engaging in the business of money transmission in Colorado, which includes selling or issuing payment instruments or stored value, or receiving money for transmission. Required when: Application for and maintenance of a money transmitter license. Exemptions: Federally insured depository institutio…
Who usually needs it
Any person or entity engaging in the business of money transmission in Colorado, which includes selling or issuing payment instruments or stored value, or receiving money for transmission.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCOBond amountThe amount of the required security is the greater of $250,000 or an amount equ…Term lengthContinuousObligeeColorado Division of BankingRenewalThe bond remains in effect until canceled by the surety with 90 days' written notice to the Banking Board. Licensees must maintain the bond as a condition of their annual license, which requires a renewal fee payment by…Bond classMiscellaneous CommercialCategoryFinancial ServicesBondCorporate Surety BondStatutory referenceC.R.S. § 11-110-108JurisdictionState
