The annual renewal period in NMLS runs from November 1 to December 31 each year. Companies that miss December 31 may be able to renew in the reinstatement period, from January 1 to the end of February, but not every state allows it.
Check the date against your own records.
Before November 1
- Review your company record (Form MU1) and branch records (Form MU3) and bring them up to date
- Check every license is in a status that can be renewed
- Resolve outstanding license items the states have set
- Read each state's renewal checklist for extra requirements and fees
Submitting
Attest that your records are accurate, then submit a renewal request for each license and pay the fees in NMLS, by ACH or card. Some states collect further fees outside NMLS.
State deadlines
Deadlines and requirements vary by state, and some close earlier than December 31. Georgia's renewal period for money services businesses runs from November 1 to December 1, and later renewals can be fined. Check the NMLS Renewal Deadlines, Requirements and Fees Chart for each state you're licensed in.
If you don't renew
A state can terminate a license that isn't renewed, which can end related branch licenses and sponsorships too. Getting them back means applying again.
Also on the calendar
Licensed money transmitters also file the quarterly MSB Call Report in NMLS and renew their FinCEN registration every 2 years.
Get reminded before it's due
Regmindr tracks this alongside the rest of your compliance calendar, and emails your team before each deadline.
Sources
- NMLS: Annual renewal overview for companies
- Georgia Department of Banking and Finance: How do I renew my MSB license?
This page is a summary, not legal or regulatory advice. The rules in the sources above take precedence.