|State||License Name||State Fee||Bond Premium Est.||SoS Fee||MLG Processing||Total|
|North Dakota||Money Broker||$900.00||$188.00||$320.50||Call for More Information||$1408.50|
|North Dakota||Debt Collection License||$800.00||$150.00||$407.00||Call for More Information||$1357.00|
License: Money Broker License
- Operating Status: Broker/Lender
- Bond Amount: $25,000
- Net Worth: $25,000
- Brick & Mortar: No
- Audited Financials: No
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Money Broker License
This company application is relatively simple. This application requires financial statements to reflect a net worth of least $25,000. Personal financial statements are required for any individual owning 25% or more of the company stock. Any owner owning more than 25% of company stock are also required to complete and FBI criminal background check at the time of company application submission. The bond amount required is low at $25,000. A qualified individual is required for ND.
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