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Alaska to Add Money Transmitter License to NMLS and Adopt Electronic Surety Bonds

Starting on February 1, 2018, the Alaska Department of Commerce, Community & Economic Development, Division of Banking & Securities will start accepting applications for the Money Transmitter License on NMLS. The checklist for the license will be available here shortly. Current licensees must submit a license transition request through NMLS by April 1, 2018.

In addition, the Department will start using the new Electronic Surety Bonds (ESB) through NMLS for the Money Transmitter License. More information on the ESB is available here.

https://www.jdsupra.com/legalnews/alaska-to-add-money-transmitter-license-71891/