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Ohio Money Transmitter Bond

Ohio Money Transmitter Bond

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

A Money Transmitter Bond is a type of surety bond required for those having applied for a continuous license to conduct the business of receiving and transmitting money in the State of Ohio as mandated by law under Section 1315.07 of the Ohio Revised Code. The surety bond is for the benefit of individuals who deposit money, or its equivalent, with the bonded money transmitter or any agent used for transmission of money. The bonded transmitter is obligated to faithfully hold and transmit all money in accordance with the laws of the State of Ohio in order to satisfy the surety bond requirement.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Ohio 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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