Surety bond
Any person engaging in the business of money transmission or advertising, soliciting, or holding itself out as providing money transmission in North Dakota. Required when: Required as a condition of obtaining and maintaining a money transmission license. Exemptions: Exemptions include the United States or any departme…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "The amount of the required security must be the greater of one hundred thousan…. Other available requirements: "The amount of the required security must be the greater of one hundred thousand dollars or an amount equal to one hundred percent of the licensee's average daily money transmission liability in this state calculated for the most recently …. Exact options still depend on the obligee, state, and underwriting.
