Money Transmitter

APPLICATION and REQUIREMENTS:

All Money Transmitter license applications, amendments, and renewal filings must be made through the Nationwide Mortgage Licensing System & Registry (NMLS).  Click HERE to access NMLS. 

• Click HERE to access the TN Money Transmitter License Requirements Checklist in NMLS.

MONEY TRANSMISSION MODERNIZATION ACT MEMO

VIRTUAL CURRENCY GUIDANCE 

~~~~Virtual Currency Statement of Policy~~~~  The Tennessee Department of Financial Institutions does not regulate virtual currency.  Tennessee’s Money Transmitter License and the required surety bond do not cover the transmission of virtual currency.    However, any company that offers to exchange, administer, or maintain virtual currencies for sovereign currency may be subject to state regulation and licensing as well as federal regulation.  To verify a licensed Tennessee Money Transmitter, please click HERE or visit the NMLS Consumer Access website HERE.