Arizona Money Transmitter Bonds

Money Transmitters in Arizona within the meaning of Title 6, Chapter 12, Article 1, Arizona Revised Statutes are required to furnish a surety bond to the Arizona Department of Financial Institutions. The surety bond guarantees that the money transmitter will practice strict, honest and faithful compliance with the provisions of Title, Chapter and Article of the Arizona Revised Statutes, and pay damages to any person financially harmed by the wrongful act, default, fraud or misrepresentation of the licensee or his employees, or both, stemming from any transaction governed by the provisions of the statutes.