Surety Bond
Any person acting as a money transmitter in New Hampshire, including those selling or issuing payment instruments or stored value, or receiving money for transmission. Required when: Application for a money transmission license. Exemptions: Federally insured depository financial institutions,Government agencies and th…
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 greater of $100,000 or an amount equal to 100 percent of the licensee's av…. Other available requirements: "The greater of $100,000 or an amount equal to 100 percent of the licensee's average daily money transmission liability in New Hampshire calculated for the most recently completed 3-month period, up to a maximum of $500,000.". Exact options still depend on the obligee, state, and underwriting.
