3rd Quarter Reporting for Sale of Payment Instruments and Money Transmitter Licensees

Add to Calendar
Sun, 10/01/2017 (All day) to Tue, 11/14/2017 (All day)

Quarterly reports for Money Transmitter and Seller of Payment Instrument licensees are now due for transactions that occurred between July 1, 2017 and September 30, 2017.  The Department adopted the NMLS Money Services Businesses Call Report (MSBCR)  functionality for submission of routine financial and transactional reporting requirements by Seller of Payment Instrument and Money Transmitter Licensees.  The NMLS MSBCR is a mandatory filing for Seller of Payment Instrument and Money Transmitter Licensees and is due 45 days after the quarter end (November 14, 2017).  Even if you have no activity to report for the quarter, you must file the MSBCR through the NMLS.

Licensees should also follow the instructions and directions provided by NMLS for completing the MSBCR requirement, in addition to updating the Uniform Authorized Agent Report.  Licensees are also required to continue to submit Average Daily Balance of Outstandings directly to the Department, outside of the NMLS, through the existing webform.   

All updates and resources will be posted on the MSB Call Report page on the NMLS Resource Center.  Likewise, the Department will continue to communicate with its licensees for reporting requirements outside of NMLS.

In addition to completing the Department’s webform, agent/office information must be uploaded via the UAAR in the NMLS to complete your quarterly reporting.  If you have no agents or offices, you must still report through the NMLS.  Questions regarding the UAAR should be directed to the NMLS Call Center at 1-855-NMLS-123 (1-855-665-7123). 

Please complete and submit all reports by November 14, 2017.

Licensees that fail to file all required reports by the deadline will be assessed a fine of $1,000 and may subject their Georgia license to revocation.

If you have additional questions, please e-mail the Department’s MSB Section at msb@dbf.state.ga.us.