Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.
Check state agency website for further information: Texas Department of Banking
Multistate Money Services Businesses Licensing Agreement Program: Texas Department of Banking participates in the Multistate Money Services Businesses Licensing Agreement Program (MMLA), which creates a more efficient money service business licensing process among state regulators. If your company is seeking money transmitter licensure in more than five (5) states, participation in the MMLA may be right for you. See the Multistate MSB Licensing Agreement Program page of the NMLS Resource Center for more information.
IMPORTANT INFORMATION FOR MONEY TRANSMISSION LICENSEES: Money Transmission licensees have the option to transition onto NMLS by submitting the Company (MU1) Form.
See the TX-DOB Money Transmission License Transition Checklist for more information.
See the Transitioning an Existing Company License Quick Guide for instructions on transitioning your license to NMLS.
NMLS Mandatory Transition if Currently Licensed in Five or More States: Effective December 1, 2017, the Texas Department of Banking is endorsing NMLS becoming mandatory for all Texas MSBs currently licensed in five or more states using NMLS as authorized by Section 151.2031(b) of the Texas Finance Code. The effected MSB license holders must submit a license request transition through NMLS. Please note that NMLS fees will apply. Lastly, although not required, the Department recommends that MSB license holders licensed in four or fewer states also consider utilizing NMLS.