Who requires it
Arkansas Securities Department — Money transmission
License & permit · Arkansas
Arkansas Money Transmitter Bond
Arkansas money transmission licensees must maintain a surety bond under Ark. Code § 23-55-204. The face is the greater of $100,000 or one hundred percent of average daily Arkansas money-transmission liability for the most recently completed three-month period, capped at $500,000. Licensees whose tangible net worth exceeds ten percent of total assets instead maintain a $100,000 surety. The Securities Commissioner may require additional security for virtual-currency cybersecurity risks outside the scope of the base bond.
Common bond amount
$100,000–$500,000
Greater of $100,000 or 100% of average daily AR liability (3-month), max $500,000; or $100,000 if TNW > 10% of assets.
How you file
File through NMLS; form must satisfy the Securities Commissioner
Renewal
Maintain continuously; recalculate with liability unless on net-worth or max path
Who requires it
Applicants for and holders of an Arkansas money transmission license under the Uniform Money Services Act administered by the Arkansas Securities Department.
How much is required
Section 23-55-204 compares $100,000 against one hundred percent of average daily Arkansas money-transmission liability for the latest completed three-month period and takes the greater amount, but not more than $500,000. Separately, if tangible net worth exceeds ten percent of total assets, the required surety is $100,000. Holding the statutory maximum removes the need to recalculate average daily liability for certain reporting purposes under the Act.
How to get and file it
Compute average daily Arkansas liability or confirm the net-worth path with your financial statements, then have an authorized surety issue a form satisfactory to the Securities Commissioner—typically delivered through NMLS for money-services licensing. Maintain the required security at all times while licensed. Recalculate when average daily liability changes unless you remain on the $100,000 net-worth path or already hold the $500,000 maximum. Address any additional virtual-currency security the commissioner orders separately from the base face.
Cost note
One hundred thousand to five hundred thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Standard formula
- Greater of $100,000 or 100% of average daily AR liability, capped at $500,000
- Net-worth path
- $100,000 when tangible net worth exceeds 10% of total assets
- Virtual currency
- Commissioner may order additional cybersecurity-related security
Frequently asked questions
Is the Arkansas money transmitter bond still the old annual-volume ladder?
Current § 23-55-204 uses average daily Arkansas money-transmission liability for a three-month period (or the $100,000 net-worth path), not the older annualized-transmission ladder that appeared in superseded rule text.
What is the maximum face under the standard formula?
Five hundred thousand dollars. A licensee at that maximum need not keep recalculating average daily Arkansas liability for the purposes identified in the Act.
Related Arkansas bond guides
Mortgage Lender Bond
$100,000 / $150,000 / $200,000
Arkansas mortgage brokers, mortgage bankers, and mortgage servicers must maintain a surety bond under the Fair Mortgage Lending Act. Rule 23 CAR § 301-408 starts applicants at $100,000 and then sets continuing faces of $100,000, $150,000, or $200,000 from prior-calendar-year Arkansas residential loan volume or servicer portfolio size. Bonds are filed electronically through NMLS with the Arkansas Securities Department.
Collection Agency Bond
$10,000 / $20,000 / $25,000
Arkansas collection agencies must post a surety bond payable to the State Board of Collection Agencies before licensure. Ark. Code § 17-24-306 authorizes a face of not less than $10,000 and not more than $50,000 for each location. Board rules and licensing forms currently set $10,000 for agencies with up to five collectors, $20,000 for six to twelve collectors, and $25,000 for thirteen or more, with a separate bond at every office.
Credit Repair Services Organization Bond
$10,000
Arkansas credit repair services organizations that charge or receive payment before fully performing agreed services must obtain a $10,000 surety bond and maintain a federally insured trust account at a bank or savings and loan in this state. Ark. Code § 4-91-202 also requires written buyer disclosures naming the surety or trust account. The bond is a consumer-protection condition on early fee collection, not a Securities Department mortgage-style license bond.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Arkansas application
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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