Surety bond
Any person engaging in the business of money transmission, which includes the sale or issuance of payment instruments or stored value, or receiving money or monetary value for transmission to a location within or outside the United States. Required when: Application for a money transmitter license under the Nebraska M…
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 surety bond shall be the greater of one hundred thousand dol…. Other available requirements: "The amount of the surety bond shall 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 Nebraska calculated for the most recently complet…. Exact options still depend on the obligee, state, and underwriting.
