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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; it is due annually after the fourth quarter.

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.

Document Description
Sample Form (Not for Upload) 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.

4. When do I file?

Use the table below to plan and prepare your MSB Call Report quarterly filings.

Filing  Reporting Period  Due Date 
Q1 January 1 - March 31  May 15
Q2  April 1 - June 30 August 14
Q3 July 1 - September 30  November 14
Q4  October 1 - December 31 February 14
 

 Adopting State Agencies

The 19 state agencies (27 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  State Specific Dest. Country Reporting

Connecticut Department of Banking

Check Cashing License

Mandate

TBD

Currently evaluating potential to eliminate reports.

All current reports to continue to be required.

Optional

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.

Mandate

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.

Optional

Massachusetts Division of Banks

Check Casher License

Mandate

No

None

None

Optional

Massachusetts Division of Banks

Check Seller License

Mandate

No

None

None

Optional

Rhode Island Division of Banking

Check Casher License

Mandate

No

Rhode Island Annual Report

None

Optional

Rhode Island Division of Banking

Sales of Checks

Mandate

Yes

Rhode Island Annual Report

Payday loan report.

Optional

Vermont Division of Banking

Check Cashing and Currency
Exchange 

Mandate

Yes

Vermont Annual report of licensee.

None

Optional

Washington Department of Financial Institutions

Currency Exchange

Mandate

TBD

Currently evaluating potential to eliminate reports.

All current reports to continue to be required.

Optional

 

Money Transmitter Licenses

Agency License MSB Call Report Requirement Replaces Existing Reports Reports Eliminated Reports Required Outside NMLS  State Specific Dest. Country Reporting

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.

Optional

California Department of Business Oversight

Money Transmitter License

Mandate

In part. See CA-DBO website for details.

Sections submitted in NMLS Call Report that are currently on CA Call Report. See CA-DBO website for more details.

Certain data not reported NMLS Call Report must be submitted directly to CA-DBO.  See CA-DBO website for more details.

Mandate

Connecticut Department of Banking

Money Transmitter License

Mandate

TBD

Currently evaluating potential to eliminate reports.

All current reports to continue to be required.

Optional

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.

Mandate

Illinois Division of Financial Institutions

Money Transmitter License

Optional

TBD

Currently evaluating potential to eliminate reports.

All current reports to continue to be required.

Optional

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

Mandate

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.

Optional

Massachusetts Division of Banks

Foreign Transmittal Agency

Mandate

No

Massachusetts Annual Companywide and State Transaction Report.

Agent Report

Mandate

Michigan Department of Insurance and Financial Services

Money Transmitter License

Mandate

Yes

Michigan Quarterly Report

None

Optional

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.

Optional

North Carolina Office of Commissioner  of Banks

Money Transmitter License

Mandate

Yes

North Carolina Quarterly Report.

None

Mandate

North Dakota Department of Financial Institutions

Money Transmitter License

Mandate

Yes

North Dakota Annual Money Transmitter and Permissible Investment Report

None

Optional

Pennsylvania Department of Banking and Securities

Money Transmitter

Mandate

Yes

Pennsylvania Annual Report Questionnaire.

None

Optional

Puerto Rico Office of the Commissioner  of Financial Institutions

Money Transmitter License

Mandate

Yes

Puerto Rico Quarterly Reports

None

Mandate

Rhode Island Division of Banking

Electronic Money Transfer

Mandate

Yes

Rhode Island Annual Report

None

Mandate

South Dakota Division of Banking

Money Transmitter License

Mandate

Yes

Permissible Investments Renewal Worksheet

None

Mandate

Vermont Division of Banking

Money Transmitter

Mandate

Yes

Vermont quarterly transaction report by agent and annual report of licensee.

None

Mandate

Washington Department of Financial Institutions

Money Transmitter

Mandate

TBD

Potentially eliminate annual assessment report at a later date.

Annual transaction volume for assessment purposes.

Optional

Wyoming Division of Banking

Money Transmitter License

Mandate

Yes

Wyoming annual PI report and interim financials.

State specific ADTL.

Optional

 
 

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