Any person or business entity applying for or holding a license to engage in money transmission in the state of Arkansas. Required when: The bond is required as a condition of obtaining and maintaining a money transmitter license. Exemptions: Exemptions include the United States or a department, agency, or instrumenta…
Overview
What it is.
Any person or business entity applying for or holding a license to engage in money transmission in the state of Arkansas. Required when: The bond is required as a condition of obtaining and maintaining a money transmitter license. Exemptions: Exemptions include the United States or a department, agency, or instrumenta…
Who usually needs it
Any person or business entity applying for or holding a license to engage in money transmission in the state of Arkansas.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateARBond amountThe bond amount is the greater of $100,000 or 100% of the licensee's average da…Term lengthContinuousObligeeArkansas Securities DepartmentRenewalThe bond must be maintained continuously and is managed through the Nationwide Multistate Licensing System (NMLS). It is verified annually during the license renewal period.Bond classLicense BondCategoryFinancial ServicesBondMoney Transmitter BondStatutory referenceArkansas Code § 23-55-204JurisdictionState
