The Department has 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 will go live in NMLS in the first quarter of 2017, with the initial report due 45 days after the first quarter end (May 15, 2017).
For 2017 reporting and beyond, licensees should follow the instructions and directions provided by NMLS for completing this requirement, in addition to updating the Uniform Authorized Agent Report. Licensees will also be required to continue to submit Average Daily Balance of Outstandings directly to the Department through the existing webform.
The State Regulatory Registry (SRR) has provided free trainings, webinars, and additional resources to assist licensees in submitting the report. 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.
The MSBCR was developed with the goal of enhancing and standardizing the information available to state regulators concerning the activities of their MSB licensees (money transmitters, check cashers, prepaid cards, etc.). Licensees will be able to complete the MSBCR directly in NMLS. The MSBCR includes national and state specific MSB activity information that is submitted on a quarterly and annual basis.
Refer to the MSBCR Frequently Asked Questions document on the NMLS for helpful information.
If you have additional questions, please e-mail the Department’s MSB Section at email@example.com.