Any person applying for a money transmission license in Vermont. Required when: Application for a money transmission license. Exemptions: Government agencies, the United States Postal Service, financial institutions, credit unions, and other entities listed in 8 V.S.A. § 2504.
Overview
What it is.
Any person applying for a money transmission license in Vermont. Required when: Application for a money transmission license. Exemptions: Government agencies, the United States Postal Service, financial institutions, credit unions, and other entities listed in 8 V.S.A. § 2504.
Who usually needs it
Any person applying for a money transmission license in Vermont.
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.
StateVTBond amountThe greater of $100,000.00 or an amount equal to one hundred percent of the lic…Term lengthContinuousObligeeVermont Department of Financial RegulationRenewalThe license and bond must be maintained and renewed annually through the Nationwide Multistate Licensing System (NMLS).Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory reference8 V.S.A. § 2541JurisdictionState
