Who requires it
New Hampshire Banking Department — Consumer Credit Division
License & permit · New Hampshire
New Hampshire Money Transmitter Bond
Money transmission licensees under RSA chapter 399-G must maintain a bond or approved deposit satisfactory to the bank commissioner. RSA 399-G:27 sizes that coverage at the greater of one hundred thousand dollars or one hundred percent of the licensee’s average daily money-transmission liability in New Hampshire for the most recently completed three-month period, up to a five-hundred-thousand-dollar maximum. A commissioner-approved deposit may replace the surety. Holding the maximum amount removes the quarterly liability calculation used for sizing. The bond runs to the state of New Hampshire and the bank commissioner for persons damaged by chapter violations, with thirty days’ advance cancellation notice.
Common bond amount
$100,000–$500,000
Greater of $100,000 or 100% of average daily NH money-transmission liability (3-month window), capped at $500,000 (RSA 399-G:27).
How you file
File through NMLS; surety bond or commissioner-approved deposit
Renewal
Continuous while licensed; 30-day cancellation notice
Who requires it
Applicants for and holders of New Hampshire money transmission licenses under RSA 399-G, filing through NMLS with the Banking Department.
How much is required
Compare one hundred thousand dollars to one hundred percent of average daily New Hampshire money-transmission liability for the latest completed three-month window, then take the greater amount, not exceeding five hundred thousand dollars. Licensees that already maintain the maximum amount need not recalculate liability for this section. The commissioner may approve a deposit instead of a bond.
How to get and file it
Calculate or confirm the required face from RSA 399-G:27, then have an authorized surety issue a form satisfactory to the commissioner—typically through NMLS electronic surety bonding—or arrange a commissioner-approved deposit. Match the principal name to the NMLS company record. Maintain security continuously while licensed. Provide thirty days’ written notice to the commissioner before canceling or terminating the surety. File a new bond immediately when an action is commenced on the existing instrument.
Cost note
The statutory amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Floor
- $100,000
- Liability formula
- 100% of average daily New Hampshire money-transmission liability for the most recent completed 3-month period
- Cap
- $500,000 (maximum amount excuses the liability calculation)
Official sources
Related resources
Frequently asked questions
When did the current New Hampshire money transmitter bond formula take effect?
RSA 399-G:27 as rewritten by 2024, 368:1 took effect October 22, 2024. Confirm any transition details for an existing license with the Banking Department and your NMLS checklist.
Can I post a deposit instead of a surety bond?
Yes, when the commissioner approves a deposit instead of a bond under RSA 399-G:27. The deposit must still meet the same amount rules as the surety.
Related New Hampshire bond guides
Mortgage Banker / Broker / Servicer Bond
$50,000 / $100,000 minimums
Nondepository mortgage bankers, brokers, and servicers licensed under RSA chapter 397-A must post a bond that stays in force while licensed, filed with the bank commissioner as part of the NMLS application package. RSA 397-A:5 sets the statutory floor at fifty thousand dollars for mortgage brokers and one hundred thousand dollars for mortgage bankers and mortgage servicers. Those amounts increase under conditions the commissioner sets by rule, and the statute requires coverage that reflects the dollar amount of loans originated by each mortgage loan originator the company employs or retains. Sureties must give thirty days’ written notice before cancellation or termination, and a claim on the bond triggers an immediate replacement filing.
Debt Adjuster Bond
$25,000
Debt adjusters licensed under RSA chapter 399-D must post a $25,000 surety to the state of New Hampshire and the bank commissioner. RSA 399-D:4 conditions the bond on compliance with the chapter and opens it to persons damaged by violations. Licensing runs through NMLS. Cancellation requires thirty days’ written notice to the commissioner, and commencing an action on the bond obligates the licensee to file a replacement immediately. Separately, RSA 399-G:3 excuses certain debt adjusters from money-transmitter licensing when they transmit funds only under a debt-adjustment contract and keep a $100,000 chapter 399-D surety on file—that higher amount is an exemption condition, not the ordinary licensing minimum.
Small Loan Lender Bond
$25,000
Companies that lend under New Hampshire’s small-loan, payday-loan, and title-loan framework must keep a continuous twenty-five-thousand-dollar surety on file with the bank commissioner. RSA 399-A:4 places that instrument in favor of the state and the commissioner for anyone damaged by a chapter violation and conditions it on compliance with chapter 399-A. Applications and renewals run through NMLS. The surety must give thirty days’ written notice before cancellation, and a suit on the bond requires an immediate replacement filing.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
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Last verified 2026-08-12. This guide is based on verified educational content and official sources.
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