Louisiana Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $25,000- $500,000 | $250- $5,000 | State Commissioner |
Businesses engaging in regulated money transmission in Louisiana generally must obtain a license through the Louisiana Office of Financial Institutions unless an exemption applies. The surety bond is part of the state's licensing requirements under the Louisiana Money Transmission Act.
Cost of the Louisiana Money Transmitter Bond
The annual premium for a Louisiana Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $25,000 to $500,000, estimated annual premiums range from approximately $250 to $5,000. Complete the quote form to begin the required bonding process.
How the Louisiana Money Transmitter Bond Works
The Louisiana Money Transmitter Bond provides financial security for the Office of Financial Institutions and claimants against the licensee. The required amount is based on the licensee's Louisiana money transmission liability, subject to the statutory minimum and applicable maximum.
Principal: Louisiana money transmitter applicant/licensee
Obligee: Louisiana Office of Financial Institutions
Surety: Bonding or insurance company authorized to do business in Louisiana
Learn more about the surety bond claim process.
How to Get the Louisiana Money Transmitter Bond
1. Determine the required bond amount using the applicable Louisiana security calculation.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium.
4. Complete the required surety bond filing through NMLS for the Louisiana money transmission license.
5. Maintain the required bond coverage while licensed.
Learn more about Louisiana surety bond options available through NNA Surety.
Get Your Louisiana Money Transmitter Bond
For assistance with your Louisiana Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.