Money Services Business Fact Sheet
As of September 30, 2014
States Using NMLS
As of September 30, 2014, 25 states, the District of Columbia, and Puerto Rico are managing Money
Services Business (MSB) licenses on NMLS. By the end of 2014, one more state will transition to NMLS, for a
total of 28 jurisdictions using NMLS for MSB licenses.
Washington
Montana
Vermont
North Dakota
Maine
Minnesota
Oregon
New Hampshire
Idaho
Wisconsin
South Dakota
New York
Michigan
Wy oming
Iow a
Pennsy lv ania
Nebraska
Nev ada
Illinois
Utah
Indiana
Ohio
West
Virginia
Colorado
California
Kansas
Missouri
New Mexico
Oklahoma
District of Columbia
Mary land
North
Carolina
South
Carolina
Arkansas
Mississippi
Haw aii
Tex as
Connecticut
New Jersey
Delaw are
Kentucky
Tennessee
Arizona
Virginia
Massachusetts
Rhode Island
Alabama
MSBs licensed in
NMLS
MSB licenses
transitioned to NMLS
after September 30
Georgia
Does not license MSBs
Louisiana
Florida
Alaska
Puerto
Rico
Virgin Islands
The financial services categorized as MSB activities in NMLS include: money transmission, check cashing,
issuing or selling travelers checks, issuing or selling drafts, foreign currency dealing and exchange, issuing or
selling money orders, bill paying, transporting currency, and issuing or selling prepaid access/stored value
products.
Company Licenses
There are 776 companies in NMLS who hold a total of 2,032 approved MSB licenses. The following table
lists the number of approved MSB company licenses by state regulatory agency.
State Agency
License Description
Approved Licenses
DC
GA
HI
IA
ID
IN-DFI
KS
KY
LA
MA
MA
MA
MD
MI
MN
ND
NE
NH
OK-DOB
PA
PA
PA
PR
RI
RI
RI
TN
TX-DOB
VT
VT
WA
WA
WA
WA
WI
WV
WY
Money Transmitter License
Check Casher License
Money Transmitter License
Money Services License
Money Transmitters
Money Transmitter License
Money Transmitter License
Money Transmitter License
Sale of Checks and Money Transmitters
Check Seller
Foreign Transmittal Agency
Check Casher
Money Transmitter License
Money Transmitter License
Money Transmitter License
Money Transmitter License
Money Transmitter License
Money Transmitter License
Money Transmission License
Money Transmitter
Retail Grocery Store Check Casher License
Check Casher License
Money Transmitter License
Check Casher License
Sales of Checks
Electronic Money Transfers
Money Transmitter License
Money Transmitter License
Check Cashing and Currency Exchange
Money Transmitter
Currency Exchange (only)
Check Casher
Check Casher with Small Loan Endorsement
Money Transmitter (includes Currency Exchange)
Seller of Checks
Money Transmitter License
Money Transmitter License
8
23
48
58
66
49
53
68
74
15
50
62
91
71
90
59
65
42
51
68
116
305
17
22
23
56
77
13
5
44
6
10
10
116
30
35
36
Money Transmitters and Authorized Agents
NMLS has recently deployed functionality to allow Money Transmitters to upload lists of their authorized
agents to state regulators. As of September 30, 2014, 20 states have instructed their Money Transmitters
to upload their authorized agents.
Money Transmitters in NMLS:

Companies: 232

Total state licenses held: 1,405

59% of the companies are licensed in more than one state

53 companies are licensed in more than 10 states

132 companies are currently reporting 139,519 Active Authorized Agent relationships in NMLS,
and 50 are reporting no agents used

NMLS contains 96,608 Active Agent Locations, with 24,804 used by multiple principals

Eight companies have uploaded over 5,000 agents
100
95
90
80
Companies
70
60
53
50
40
29
30
34
21
20
10
0
1
2
3-5
6-10
Number of NMLS Licenses Held
Number of Agents in NMLS
10,000 or more
5,000 – 9,999
1,000 – 4,999
500 – 999
100 – 499
50 – 99
10 – 49
Less than 10
0 (No Agents Used by Principal)
Companies
5
3
9
6
16
14
23
56
50
11+