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Maryland Money Transmitter Bond

Maryland Money Transmitter Bond

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Who Requires the Money Transmitter Bond and Why Is It Needed?

A Money Transmitter Surety Bond is required in Maryland for businesses selling or issuing payment instruments, stored value, or receiving money or items with monetary value for transmission to another worldwide location either by electronically or through the internet. Also under the money transmission definition are bill payer service providers and accelerated mortgage payment service providers. The surety bond ensures that applicants and licensees are comply with the Maryland Money Transmitter Law, and other applicable State or Federal statutes and regulations. Maryland rules and regulations can be found by accessing the Code of Maryland Unannotated and Rules (Public Access) and Code of Maryland Regulations (COMAR).

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Maryland Money Transmitter Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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