Published license costs
ARM, lending, money transmitter, and mortgage each have 50 state cost pages. A number is printed when a regulator or NMLS has published it.
How much does it cost to get money transmitter licenses in all 50 states?
The state application and license fee on the NMLS Phase One checklist (updated April 7, 2026) runs from $100 in Idaho and Tennessee to $10,000 in Texas. Surety bond minimums start at $10,000 in Idaho, Washington, and Wyoming. Illinois caps its bond at $2,000,000, and Georgia caps additional bond coverage at $2,000,000. Net worth minimums start at $10,000 in Washington. Utah requires at least $1,000,000. The Texas Department of Banking does not print a fixed net worth ceiling. State pages are on the money transmitter cost hub.
| Component | Low end | High end | Source |
|---|---|---|---|
| Application and license fee | $100 in Idaho and Tennessee. Tennessee adds $250 for 1 to 4 agents or $500 for 5 or more agents. | $10,000 in Texas, paid in NMLS. The checklist also notes an investigation fee if necessary and does not print that extra amount. Michigan is $3,650 plus $50 per location. | NMLS Phase One checklist, updated April 7, 2026. Texas filing fee: Texas Department of Banking, Notice to Applicants. |
| Surety bond | $10,000 minimum in Idaho (plus $5,000 per location, up to $500,000), Washington ($10,000 for every $1 million of Washington volume, maximum $550,000), and Wyoming (minimum $10,000, not to exceed $500,000). | Illinois requires $50,000 or 1 percent of Illinois-based activity, whichever is greater, up to $2,000,000. Georgia prints a $250,000 money transmitter bond, with additional coverage up to $2,000,000. Kentucky prints at least $500,000 and does not print a maximum. | Idaho, Washington, Wyoming, Illinois, and Kentucky Phase Two checklists, updated September 13, 2025. Georgia Phase Two checklist, updated August 31, 2026. |
| Net worth | Washington minimum tangible net worth is $10,000, or $100,000 if the company stores virtual currency for others. The Washington checklist caps its own formula at $3,000,000. | Utah requires a net worth of at least $1,000,000. For a Texas applicant with total assets above $1 billion, the floor is $21 million plus 0.5 percent of assets above $1 billion. That Texas schedule has no fixed ceiling. | Washington Phase Two checklist and Utah Phase Two checklist, updated September 13, 2025. Texas net worth: Texas Department of Banking, Notice to Applicants. |
The Phase One fee list covers 32 states. The other 18 states are not on that list: Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, Florida, Hawaii, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oklahoma, Virginia, and West Virginia. Bond figures above are the amounts printed on the checklists. A bond premium is not printed there. A legal fee is not printed on these checklists or on the Texas notice.
Open a state receipt
Choose a license family and a state. The finder opens that sourced cost page.
Four license families
Collection agency, lending, money transmitter, and mortgage company licenses each link to a 50-state hub. The amount on the card is one cited line. For a national question, start with mortgage lender license cost or money transmitter license fees.
Accounts Receivable Management
Collection agency / debt collection company licenses. 50 state cost pages plus nationwide NMLS processing fees.
Consumer and commercial lending
Consumer lender, finance lender, and related company licenses. 50 state cost pages plus nationwide NMLS processing fees.
Money transmitters
Money transmission / money services business company licenses. 50 state cost pages plus nationwide NMLS processing fees.
Mortgage company licensing
Mortgage banker, broker, and servicer company licenses. 50 state cost pages plus nationwide NMLS processing fees.
How unpublished fees are treated
A state page prints a dollar amount only when a regulator or NMLS has published it. Otherwise the page links the official chart.
Confirm the live amount on the NMLS License Requirements and Fees Chart or the regulator's own schedule.
Who files it
File it yourself, or read our Cornerstone Licensing review and request a quote. LegalZoom and Harbor Compliance have no public price list for these four license families.
| Path | Public price list for these licenses | Published scope | Published figures | Next step |
|---|---|---|---|---|
| DIY | No service fee. You pay government and NMLS fees directly. | You file with the state agency or NMLS yourself. | Not a vendor. | Read the DIY stack |
| LegalZoom | Publishes formation and some general-business prices. No public price list for ARM, lending, money-transmitter, or mortgage company licenses. | Public site focuses on entity formation, trademarks, and general legal documents. | Public company. See investor materials for corporate history. | See the full table |
| Harbor Compliance | No public per-state price list for these four financial-license families. | Public site markets multi-state licensing and registered-agent services. | Not restated here. Use the provider’s own published figures. | See the full table |
| Cornerstone Licensing | No public price list. Quote only. | Public site lists multi-state licensing, surety bonds, insurance, registered agent, and Atlas tracking for financial-services firms. | 28 years, 525,000+ filings, 99.995% on-time filing rate, as published on cornerstonelicensing.com. | Get a quote |
Service-dollar ranges are omitted on purpose. If a firm does not publish a price, LicenseStore will not invent one. See sources.
Cost questions
How much does it cost to get money transmitter licenses in all 50 states?
Get the service charge in writing.
LicenseStore.com prices the government fees. Cornerstone Licensing quotes the service charge for ARM, lending, money transmitter and mortgage licenses.
