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 Money Services Businesses Call Report 

 Getting Started with the MSB Call Report

The Money Services Businesses (MSB) Call Report was developed with the goal of enhancing and standardizing the information available to state regulators concerning the activities of their Money Services Businesses licensees (money transmitters, check cashers, prepaid, etc.).  Licensees will be able to complete the report directly in NMLS. The report includes national and state specific MSB activity information that is submitted on a quarterly and annual basis.

1. Am I required to submit an MSB Call Report through NMLS?

The agencies and licenses listed in the Adopting State Agencies section below are adopting the NMLS MSB Call Report for Q1 2017 reporting.

2. What are the sections of the MSB Call Report?

Section I: Financial Condition Report (at Company Level)

  • Financial Condition (FC) - This section collects financial information at the company level; it only has to be completed once per quarter.

Section II: Transaction Activity Reporting

  • Company-wide Transactions (TA) - This section collects transaction details across the company in every state where it operates.
  • State-level Transactions (ST) - This section collects transaction details broken down by state.

Section III: Permissible Investments Report (at Company Level)

  • Permissible Investments (PI) - This section collects details for specific license types.

Section IV: Transaction Destination Country Reporting

  • Transaction Destination Country (TD) - This section is only required for licensees who indicate they transmit money from the United States to a foreign country or countries.
  • NOTE: This feature is only available at the end of Q4 and is not available in the system at this time.

Refer to the MSB Call Report Sections for more details.

3. How do I prepare?

Use the documents below to prepare, practice, and file your MSB Call Report.

Sample Form Shows all the fields and sections of the MSB Call Report.
Field Definitions Contains definitions for each field of the MSB Call Report.
MSB Call Report Sections Details the data to be entered into each section of the MSB Call Report.
Practice Worksheet Helps users prepare for their quarterly submission of the MSB Call Report.

CSV Upload Specifications

Details on the MSB Call Report CSV upload functionality.
XML Upload Specifications Details on the MSB Call Report XML upload functionality.
MSB Call Report FAQs Frequently asked questions about the MSB Call Report.

 Adopting State Agencies

The 18 state agencies (25 licenses) listed below will adopt the NMLS MSB Call Report for Q1 2017 reporting. The NMLS MSB Call Report is set to go live in NMLS in the first quarter of 2017, with the initial report due 45 days after the first quarter end (May 15, 2017).  Trainings and additional materials will be provided to all relevant licensees prior to the requirement to submit information in the system.

Check Casher/Seller, Currency Exchange, and Payment Instruments Licenses 

Agency License MSB Call Report Requirement Replaces Existing Reports Reports Eliminated Reports Required Outside NMLS 
Connecticut Department of Banking Check Cashing License Mandate TBD Currently evaluating potential to eliminate reports. All current reports to continue to be required.
Georgia Department of Banking and Finance Seller of Payment Instruments Mandate No Georgia quarterly report refined to eliminate data elements submitted in report. State specific ADTL.
Louisiana Office of Financial Institutions Sale of Checks and Money Transmitter Mandate TBD Currently evaluating potential to eliminate reports. All current reports to continue to be required.
Massachusetts Division of Banks Check Casher License Mandate No None None
Massachusetts Division of Banks Check Seller License Mandate No None None
Rhode Island Division of Banking Check Casher License Mandate No Rhode Island Annual Report None
Rhode Island Division of Banking Sales of Checks Mandate Yes Rhode Island Annual Report Payday loan report.
Vermont Division of Banking Check Cashing and Currency
Exchange 
Mandate Yes Vermont Annual report of licensee. None
Washington Department of Financial Institutions Currency Exchange Mandate TBD Currently evaluating potential to eliminate reports. All current reports to continue to be required.

 

Money Transmitter Licenses

Agency License MSB Call Report Requirement Replaces Existing Reports Reports Eliminated Reports Required Outside NMLS 
Arkansas Securities Department Money Transmitter License Optional - In Lieu of Existing Reports Only if all four quarters are submitted in NMLS. If MSB Call Report Arkansas specific sections submitted, no reports required outside of the system. If MSB Call Report Arkansas specific sections submitted, no reports required outside of the system.
California Department of Business Oversight Money Transmitter License Mandate Yes Sections submitted in NMLS Call Report that are currently on CA Call Report. To be posted on CA-DBO website. Supplemental for certain data not included in report, but on current CA Call Report.
Connecticut Department of Banking Money Transmitter License Mandate TBD Currently evaluating potential to eliminate reports. All current reports to continue to be required.
Georgia Department of Banking and Finance Money Transmitter License Mandate No Georgia quarterly report refined to eliminate data elements submitted in report. State specific ADTL.
Illinois Division of Financial Institutions Money Transmitter License Optional TBD Currently evaluating potential to eliminate reports. All current reports to continue to be required.
Kansas Office of the State Bank Commissioner Money Transmitter License Mandate Yes Potentially eliminate Kansas Transaction Volume Report and PI Reporting.  Will determine once data is received. n/a
Louisiana Office of Financial Institutions Sale of Checks and Money Transmitter Mandate TBD Currently evaluating potential to eliminate reports. All current reports to continue to be required.
Massachusetts Division of Banks Foreign Transmittal Agency Mandate No Massachusetts Annual Companywide and State Transaction Report. Agent Report
Nebraska Department of Banking & Finance Money Transmitter License Optional - In Lieu of Existing Reports Yes Nebraska Annual Report and Permissible Investment Worksheet If MSB Call Report Nebraska specific sections submitted, only location report required outside of the system.
North Carolina Office of Commissioner  of Banks Money Transmitter License Mandate Yes North Carolina Quarterly Report. None
North Dakota Department of Financial Institutions Money Transmitter License Mandate Yes North Dakota Annual Money Transmitter and Permissible Investment Report None
Pennsylvania Department of Banking and Securities Money Transmitter Mandate Yes Pennsylvania Annual Report Questionnaire. None
Puerto Rico Office of the Commissioner  of Financial Institutions Money Transmitter License Mandate Yes Puerto Rico Quarterly Reports None
Rhode Island Division of Banking Electronic Money Transfer Mandate Yes Rhode Island Annual Report None
South Dakota Division of Banking Money Transmitter License Mandate Yes Potentially PI Worksheet at renewal.  Will determine after Q1 submission. n/a
Vermont Division of Banking Money Transmitter Mandate Yes Vermont quarterly transaction report by agent and annual report of licensee. None
Washington Department of Financial Institutions Money Transmitter Mandate TBD Potentially eliminate annual assessment report at a later date. Annual transaction volume for assessment purposes.
Wyoming Division of Banking Money Transmitter License Mandate Yes Wyoming annual PI report and interim financials. State specific ADTL.

 
 

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