CO money transmitter bonds.
1% of the bond amount.
Colorado licenses money transmitters through the Division of Banking via NMLS, and the Money Transmission Modernization Act (C.R.S. Title 11, Article 110, rewritten by HB25-1201) requires every licensee to maintain a surety bond — at least $250,000, sized to your average daily Colorado money-transmission liability, capped at $1,000,000. The premium is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only.
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Three steps. One sitting.
Money transmitter bonds file electronically through NMLS. Here's the entire process:
Apply online
Business details, your county, your bond amount, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Submit the bond electronically through NMLS to the Colorado Division of Banking with your money transmission license record. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Colorado replaced its Money Transmitters Act with the Money Transmission Modernization Act (HB25-1201, effective August 6, 2025), aligning the state with the multistate model law. Every licensee must maintain a surety bond of at least $250,000 — sized above the licensee's average daily Colorado money-transmission liability, up to a $1,000,000 maximum — filed electronically through NMLS with the Division of Banking.
It's a three-party arrangement: you (the principal), the surety carrier, and the state (the obligee). The bond stands behind your transmission obligations — the payment instruments and stored value you owe Colorado customers — and your compliance with the Act. The State Banking Board can act against a license whose bond lapses.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously on file for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Colorado bonds.
Get your money transmitter bond today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.