Those engaged as Money Transmitters in Rhode Island are required under the General Laws of Rhode Island chapters 14 and 14.4 of Title 19 to file a Rhode Island Money Transmitter Bond as a condition of licensure.
Bonds Express offers a Rhode Island 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 Rhode Island Money Transmitter Bond holds you accountable for your business decisions.
By possessing a Rhode Island Money Transmitter Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.