NMLS, developed through the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), allows companies to conveniently manage their money service business license(s) in an electronic format through a secure website.
If you wish to apply for a money transmitter license or a currency exchanger license you should begin by first reviewing Arkansas’s Jurisdiction-Specific Requirements along with Arkansas Uniform Money Services Act, which provides the current licensing procedures and requirements applicable to money transmitters and currency exchangers.
If your company already has a completed record in NMLS then applying for a license in Arkansas simply involves filing your company’s record (Form MU1), control person records (Form MU2), and relevant branch records (Form MU3) with Arkansas through the NMLS.
Any questions relating to the NMLS should be directed to the NMLS Call Center at (855) 665-7123.
The NMLS Consumer Access is a fully searchable website that allows the public to view information concerning mortgage (state-licensed mortgage companies, branches, and loan officers) and money services business (money transmitters and currency exchangers).