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What is the net worth requirement to be licensed under the MTSA?
The applicant must have net worth that exceeds $100,000. If the applicant will provide money transmission services at more than one location or through authorized delegates, the net worth must equal at least the sum of $100,000.00 plus an additional $25,000.00 for each location or authorized delegate or $1,000,000.00, whichever is less. A licensee is required at all times to maintain a net worth that meets or exceeds the amounts described above.