Money Transmitters operating in the State of Indiana are required under 28-8-4-27(d) of the Indiana Code to execute an Indiana Money Transmitter Bond to ensure compliance with licensure.
Bonds Express offers an Indiana Money Transmitter Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Indiana Money Transmitter Bond holds you accountable for your business decisions.
By possessing an Indiana Money Transmitter Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.