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Your fee for new US MTL applications is very high. What do you provide in this service?

Scope of Work :

  • Reviewing all state applications for license requirements; 
  • Providing a detailed overview and explanation of each state’s requirements with appropriate Company personnel; 
  • Coordinating with appropriate Company personnel on any information that is needed from their end to complete the applications; 
  • Provide best practice recommendations on any items the Company may not know the answers to; 
  • Coordinating with the Company’s Registered Agent company to obtain all necessary state Business Registrations (and any other items/information needed from them); 
  • Coordinating with the Company’s Surety Bond provider to obtain all necessary bonds; 
  • Obtaining and filling out all application forms (Company and Officer forms); 
  • Coordinating with Company Officers and setting up any required fingerprint appointments; 
  • Submitting all required documents in the National Multi-State Licensing System (NMLS); 
  • Submitting all state applications in NMLS; 
  • Completing all paper applications & mailing to the state regulator(s); 
  • Creating accounts for any state(s) that have licensing systems outside of NMLS; and 
  • Coordinating directly with all state regulators on any follow up questions or documentation needed once the initial applications are submitted.

We typically like the client to have prepared a basic business plan so that we can assist them in tweaking it a bit. We can also provide a basic guide on what should be included.

As you can see we provide a very thorough service. Although there is no guarantee that you will be granted a license, that is most likely if you are not able to satisfy /provide all the required information to the state regulatory authority.




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