加州MTL申请条件--（1/3）
CA-DFPI - Money Transmitter License
California Department of Financial Protection and Innovation (formerly Department of Business Oversight) 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.
Who Is Required To Have This License?
The Money Transmitter Division of the Department of Financial Protection and Innovation (DFPI) licenses and regulates money transmitters, which includes issuers of payment instruments (money orders) and travelers’ checks and non-bank issuers of stored value. The California money transmission laws are found in the California Financial Code, Division 1.2, commencing with section 2000.
The Department is a member of the Money Transmitter Regulators Association (MTRA).
Activities Authorized Under This License
A money transmitter’s license authorizes the following activities:
- Domestic and international money transmission
- Issuing and selling payment instruments (traveler's checks and money orders)
- Issuing and selling stored value
Pre-Requisites for License Applications
Once the prospective applicant for a new money transmitter license understands the laws and regulations that govern money transmission in California, it is highly recommended that the applicant arrange for a pre-filing meeting with the Money Transmitter Division staff.
The purpose of the pre-filing meeting is to answer the prospective applicant’s questions about the process and regulatory requirements, and to help the DFPI process the application in a timely manner. The meeting also helps prospective applicants prepare an application that meets all the requirements of California and federal law. The filing fee is five thousand dollars ($5,000) for a new license and is not refundable in the event an application is incomplete or inadequate. The Department recommends these meetings occur in person at the San Francisco office; however other arrangements are acceptable. The successful applicant will be able to demonstrate a working knowledge of the laws and regulations that govern money transmitters and be ready to present a proposed business plan.
Required Documents
DFPI Form 550
DFPI Form 4030
DFPI Form 5025
DFPI Form 2and3
(To Be Continue)
