Alabama ups motor vehicle dealer license bond amount

ALABAMA — Lawmakers passed updates to several state motor vehicle dealer licensing regulations, including a surety bond amount increase and violation penalty adjustments. The changes outlined in House Bill 393 will go into effect in October 2020 and will affect new and used motor vehicle dealers, motor vehicle rebuilders and motor vehicle wholesalers or wholesale … Read more

SD Money Transmitter Licenses to be Managed by NMLS

SOUTH DAKOTA — Electronic surety bond tracking for the state’s Money Transmitter License will be managed through Nationwide Multistate Licensing System (NMLS) starting July 1 of 2019, according to the South Dakota Division of Banking. Current licensees need to convert all existing surety bonds to NMLS by submitting an electronic surety bond by Dec. 31, … Read more