State licensing packets
Every state wants the same work, done its own way. Do it once.
Money transmitter and related state licence applications, built from your facts and each state's own requirements, one state at a time, with deficiency letters answered until the file is complete.
Your problem
Your launch is waiting on states, and each state is its own project
- Each state asks for its own filings, its own business plan detail and its own view of your compliance program.
- Each one comes back with deficiency letters.
- Most of the cost is the same work, redone state by state, and billed that way.
What you get, per state
A packet ready to file
- Licensing filings prepared for submission.
- A business plan and operations narrative.
- A compliance program exhibit, with your regulatory inventory for that state.
- Organisational and management charts.
- Responses to deficiency letters.
How we do it
Compare the paths, then build state by state
- We compare licensing paths for your model, with the cost of each state cited to its statute where one exists. The comparison is free.
- We build the application packet for each state you choose.
- We respond to deficiency letters until the application is complete.
How the work is done
The audit you already buy, performed by an engine.
- Every record testedControls are tested against the full population of accounts and transactions, not a sample of twenty-five.
- Every requirement citedEach requirement the work runs against is cited to the rule it comes from, with the facts behind it labelled.
- Findings pricedFindings arrive priced in dollars, so remediation is ordered by what each gap is worth.
- A signed reportThe report is signed, and any reader can check that nothing in it changed after signing.
Pricing
A fixed price per state
This replaces outside counsel and consultant fees charged per state application.
Price: $10,000 per state application. Licensing pathway comparison: Free. How pricing works
The published method
How this is normally done
The regulator's and the standard-setter's own method for this work, explained in plain English and cited to the source. We have nothing to hide about how we do it: check our process against it.
- ReferenceMoney Transmitter Licensing: How State Licensing WorksWho needs a state money transmitter license, the NMLS process, the CSBS Money Transmission Modernization Act, application components, deficiency responses, and FinCEN MSB registration.
- Money TransmitterMoney Transmitter Compliance: A Practitioner's GuideWho needs a license, the state-by-state reality, the federal MSB layer, the BSA/AML obligations that come with it, and how to stay examiner-ready.
- Field GuideBaaS Compliance: What Fintechs Need Before LaunchWhy compliance is the launch gate, what your sponsor bank checks in diligence, the program you need at go-live, onboarding and monitoring controls, and a pre-launch checklist.
What happens next
Three steps from here.
- 01
The free comparison
Your model, the states you need, and what each path would cost, cited to the statute.
- 02
Choose your states
You pick the order. Each state is priced and scoped before work starts.
- 03
Packets and responses
We build each packet and answer each deficiency letter until the file is complete.
Launching or expanding? See what a new program needs.