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Nevada Money Transmitter Bond: A Comprehensive Guide

Details: This guide provides information for insurance agents to help their customers obtain Nevada Money Transmitter Bonds. At a Glance: Average Cost: Between 1% to 12.5% of the bond amount per year based on the applicant’s credit Bond Amount: $10,000 plus an extra $5,000 for each additional Nevada branch location up to a maximum limit of $250,000 Who Needs it: All …

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Minnesota Money Transmitter Bond: A Comprehensive …

Details: Minnesota Money Transmitter Bond: A Comprehensive Guide June 30, 2021 This guide provides information for insurance agents to help their customers obtain Minnesota Money Transmitter Bonds At a Glance: Average Cost: Between 1.5% to 7.5% of the bond amount per

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Vermont Money Transmitter Bond: A Comprehensive Guide

Details: Vermont statute 2507 dictates that the limit on the money transmitter bond is $100,000 plus an additional $10,000 per authorized delegate to a maximum of $500,000. However, the Department of Financial Regulation may increase the bond amount, on a case by case basis, to a maximum of $2 million if they deem it necessary.

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