1 (844) 589-9732

North Dakota Money Transmitter Bond

The North Dakota money transmitter bond ranges from a minimum of a $150,000 to a maximum $500,000 surety bond requirement. Approval is contingent upon your credit and sometimes additional factors. Please call AmeriPro Surety Bonds: 844-589-9732.

North Dakota Money Transmitter Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of North Dakota Money Transmitters

 

 

 

The North Dakota Department of Financial Institutions, Consumer Division is charged with the licensing and regulation of money transmitters in the state.

The filing of your license and surety bond are accomplished through NMLS, the Nationwide Mortgage Licensing System.

Upon purchase of your money transmitter bond, our agency will electronically file it on your behalf to NMLS.

 

 

 

Amount of Surety Required

 

 

 

The North Dakota money transmitter bond is a standard $150,000 surety bond. The amount may be increased to a maximum of $500,000 surety requirement by the commissioner “…for good cause.”

Further information as to what constitutes “good cause” is not spelled out by the state’s statutes; you’ll need to contact the Consumer Division for an explanation.

 

 

 

Qualifying and the Premium

 

 

 

The premium for your North Dakota money transmitter bond will be determined by the amount of the surety bond required and your credit. Depending on the amount of surety required and other factors, additional information may be requested as well. If requested, these will likely refer to financial statements.

Applicants may typically be approved anywhere between 2% or higher based on the above criteria.

A signed application will be required. In some cases, we may be able to offer you an electronic application which will accept an electronic signature; other cases may involve a traditional paper application sent to us be email.

 

 

 

Duration of Your Bond

 

 

 

Your money transmitter surety bond will have a duration that is 1 year from the date of issuance. Thereafter, your bond and the associated premium will be renewed.

 

 

 

The Purpose of This Surety Requirement

 

 

 

Your ND money transmitter bond is a financial guarantee which ensures your compliance with North Dakota Century Code, Chapter 13-09 as amended.

The bond protects the state from acts of malfeasance committed by a money transmitter or employees in the course of related professional responsibilities.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout North Dakota.

We are also a provider of money transmitter, probate, and other surety bonds nationwide.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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