Any person engaging in the business of money transmission in Mississippi, including selling or issuing payment instruments, selling or issuing stored value, or receiving money for transmission. Required when: Application for a money transmission license under the Mississippi Money Transmission Modernization Act. Exemp…
Overview
What it is.
Any person engaging in the business of money transmission in Mississippi, including selling or issuing payment instruments, selling or issuing stored value, or receiving money for transmission. Required when: Application for a money transmission license under the Mississippi Money Transmission Modernization Act. Exemp…
Who usually needs it
Any person engaging in the business of money transmission in Mississippi, including selling or issuing payment instruments, selling or issuing 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.
StateMSBond amount$100,000Term lengthContinuousObligeeMississippi Department of Banking and Consumer FinanceRenewalThe bond is perpetual and must be maintained at all times. Licensees must renew their license annually through the NMLS, which includes verifying and adjusting the bond amount based on their average daily money transmis…Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceMiss. Code Ann. § 75-15-119JurisdictionState
