quarterly summary of money service businesses activities ... · 1800021 64285 chamblee alok...
TRANSCRIPT
Inside this Issue:
Monthly Summary of Mortgage Activities for the Period Ending April 2007
NMLS Money Services
Businesses Call Report and
4th Quarter 2018 Quarterly Reporting
2
Upcoming Atlanta Check Cashing
Classes
3
2019 State Holidays
3
Contact Information 4
APPENDIX: MSB Activity by Current
License Status
Georgia Department of Banking & Finance ~ Non -Depository Financial Institutions Divis ion
Quarterly Summary of Money Service Businesses Activities for the Period Ending December 31, 2018
The Annual License Renewal Period for 2019 has ended. A licensee that has
submitted a renewal filing through the Nationwide Multistate Licensing System on or
before December 31, 2018, can continue to work as an MSB unless and until there is a
surrender/withdrawal of the license or a final order of denial or revocation is issued by
the Department.
Renewal applicants with incomplete applications (e.g., unpaid fines/fees, license items)
will be expired during the month of January 2019.
2019 License Renewal Period Has Ended
PENDING RENEWAL REQUESTS
Does your license have a renewal request pending? If so, please check your
NMLS record for any deficiencies, or license items, placed by the Department. No
renewal request will be approved with outstanding license items.
Many licensees that have not yet been approved owe fines and fees – check your
NMLS record to see if your renewal is being delayed due to unpaid fines and fees.
Fines and fees must be paid through the NMLS Agency Fee Invoice.
Please visit the following link for information on how to pay the Agency Fee Invoice
in NMLS:
For a Company -
http://mortgage.nationwidelicensingsystem.org/licensees/resources/
LicenseeResources/Paying%20an%20Invoice_C.pdf
If an MSB did not request renewal by December 31, 2018, the license expired by
operation of law effective January 1, 2019, AND the licensee may not conduct MSB
activity in Georgia. The licensee must submit a new application through the NMLS:
http://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?
StateID=GA
Forgot to Renew an MSB License?
Page 2 4th Quarter 2018
Quarterly reports on transactions that occurred between October 1, 2018, and December 31, 2018, are now due.
The Department utilizes the NMLS Money Services Businesses Call Report (MSBCR) functionality for submission
of routine financial and transactional reporting requirements by Seller of Payment Instrument and Money
Transmitter Licensees.
The NMLS MSBCR is a mandatory filing for Seller of Payment Instrument and Money Transmitter Licensees and
is due 45 days after the quarter end (February 14, 2019). Licensees should follow the instructions and directions
provided by NMLS for completing the MSBCR requirement, in addition to updating the Uniform Authorized Agent
Report (UAAR). Even if you have nothing to report and have no authorized agents, you must complete the
MSBCR and the UAAR in NMLS.
All updates and resources pertaining to the MSBCR will be posted on the MSB Call Report page on the NMLS
Resource Center. Likewise, the Department will continue to communicate with its licensees for reporting
requirements outside of NMLS. Questions regarding the MSBCR or the UAAR should be directed to the NMLS
Call Center at 1-855-NMLS-123 (1-855-665-7123).
In addition to the reporting through NMLS, licensees must also submit Average Daily Balance of
Outstandings directly to the Department, outside of the NMLS, through the existing webform
https://dbf.georgia.gov/webform/quarterly-reporting-sale-payment-instruments-and-money-transmitter-
licensees.
Please complete and submit all reports by February 14, 2019.
Licensees that fail to file all required reports by the deadline will be assessed a fine of $1,000 and may subject
their Georgia license to revocation.
If you have additional questions, please e-mail the Department’s MSB Section at [email protected].
CC — Check Casher License
Department — Ga. Department of Banking and Finance
ESB — Electronic Surety Bond
MSB — Money Services Business
MSBCR — Money Services Businesses Call Report
MT — Money Transmitter License
NMLS or NMLSR — Nationwide Multistate Licensing System & Registry
O.C.G.A. — Official Code of Georgia Annotated
SPI — Seller of Payment Instruments License
UAAR — Uniform Authorized Agent Report
COMMONLY USED ACRONYMS
NMLS Money Services Businesses Call Report and
4th Quarter 2018 Quarterly Reporting
4th Quarter 2018 Page 3
Upcoming Atlanta Check Cashing Class
The Department offers a check cashing class that benefits first-time and experienced check cashers. These
classes generally last about an hour. There is no cost for the class and it is a great way to learn about Georgia
law, Department regulations, the Bank Secrecy Act (“BSA”) and Anti-Money Laundering (“AML”) requirements.
During examinations, those who have attended the class have stated that the knowledge and information they
gained helped prevent violations and avoid the imposition of fines.
As a further benefit, the Department provides a certificate of attendance that licensees may use as evidence of
training received on BSA and Anti-Money Laundering.
The classes are limited to a maximum of seven attendees, so you must make an advance reservation by calling
770-986-1652 or emailing [email protected]. Reserve your seat now! We look forward to seeing you.
* Please note that the class schedule is subject to change
Upcoming Atlanta Check Casher Class*
March 6, 2019 10:00 AM
June 5, 2019, 10:00 AM
September 4, 2019, 10:00 AM
December 4, 2019, 10:00 AM
2019 State Holidays
Pursuant to O.C.G.A. § 1-4-1, the following is the list of state holidays when the Capitol and state agencies will be
closed during calendar year 2019:
State Holiday January 19 - will be observed on Friday, November 29
Martin Luther King, Jr.'s Birthday Monday, January 21
Washington's Birthday February 18 - will be observed on Tuesday, December 24
State Holiday April 26 - will be observed on Monday, April 22
Memorial Day Monday, May 27
Independence Day Thursday, July 4
Labor Day Monday, September 2
Columbus Day Monday, October 14
Veterans Day Monday, November 11
Thanksgiving Day Thursday, November 28
Christmas Day Wednesday, December 25
Page 4 4th Quarter 2018
Corresponding with the Department
When corresponding with the Department, e-mail communication is preferred. Providing written details in the e-mail regarding any questions or concerns you may have allows the Department to forward the request to the appropriate person who handles that area, and if sufficient details are included in the request, that person can then more efficiently provide you with an answer. The main Division e-mail address is [email protected].
Since the Department’s main method of communicating with licensees is via e-mail, it is very important that you supply the Department with a valid e-mail address and that you keep us informed if your e-mail address changes. Please be sure that your e-mail account does not divert Department e-mail to your spam or junk folder.
Department Contact Information
NAME E-MAIL ADDRESS PHONE#
Fernando Ornelas, Supervisory Examiner [email protected] (770) 986-1313
Ana Contreras, Financial Examiner [email protected] (770) 986-1652
Byron Larios, Senior Assistant Financial Examiner [email protected] (770) 986-1639
4th Quarter 2018 Page 5
2990 Brandywine Road
Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1633
Fax: (770) 986-1655 or 1029
Email: [email protected]
Georgia Department of Banking and Finance
Sign-up to Receive this Publication
This quarterly publication highlights topics and activities
pertaining to the Department’s regulation of state-licensed
Money Service Businesses (MSBs). Notification is delivered
to interested parties via e-mail. Licensee primary contacts
are automatically subscribed to receive Department
publications appropriate to their particular industry.
If you would like to be added to our distribution list, please go to our homepage
(dbf.georgia.gov) and look for the Stay Connected e-mail subscription box. This will
take you to our subscription service provided by GovDelivery (also known as
Granicus). Notifications regarding subscriptions will originate from Department of
Banking and Finance [email protected].
The Department is the state agency that regulates and examines Georgia state-
chartered banks, state-chartered credit unions, and state-chartered trust companies.
The Department also has responsibility for the supervision, regulation, and
examination of Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in
Georgia.
In addition, the Department has regulatory and/or licensing authority over mortgage
brokers, lenders and processors, mortgage loan originators, check cashers, sellers-
issuers of payment instruments, money transmitters, international banking
organizations, and bank holding companies conducting business in Georgia.
Our Mission is to promote safe, sound, competitive financial services in Georgia
through innovative, responsive regulation and supervision.
Our Vision is to be a willing and able partner with our regulated entities in order
to support vibrant economic growth and prosperity in Georgia.
APPENDIX
MSB ACTIVITY BY CURRENT LICENSE STATUS
License Status Definition
Approved The entity has an Approved license.
Denied The entity applied for a license and the request was Denied.
RevokedThe entity’s license was Revoked and the entity is no longer authorized to conduct business.
Terminated – Expired The entity failed to renew.
Terminated – Ordered to SurrenderAn entity has been ordered to surrender their approved license. The entity is not authorized to conduct business.
Terminated – Surrendered/CancelledThe entity has requested a surrender/cancelation of their license and the regulator has granted this surrender/ cancelation request.
GA Check Casher LicenseApproved
License# Company Name City StateNMLS# Date
1779437 DJ OIL LLC GAINESVILLE GA63332 10/04/2018
1783133 SAI BABA 2005, INC. Marietta GA63993 10/10/2018
1767653 Mighty Luthersville Management LLC Luthersville GA62785 10/10/2018
1778827 SAIAMI 2, INC. GARDENCITY GA63363 10/11/2018
1776795 Rajputana Inc Warner Robins GA63590 10/11/2018
1730494 BAPS 4EVER, LLC LEESBURG GA63509 11/01/2018
1759828 OM SAI LAXMI INVESTMENT LLC MARIETTA GA63666 11/01/2018
1792351 366 Six Flags LLC Austell GA63987 11/01/2018
1787476 Shiv & Nishi, LLC Brunswick GA63807 11/02/2018
1433298 Miscelanea Guate-Mex I LLC Cairo GA48483 11/02/2018
1704330 BAAHUBALI CORPORATION, INC VALDOSTA GA61335 11/07/2018
1782637 M & R BUSINESS INVESTMENT INC SUGAR HILL GA63760 11/15/2018
1784075 Samhati Enterprise LLC Roswell GA63669 11/26/2018
1807379 MANLAW INC marietta GA64505 12/12/2018
1800021 Chamblee Alok Enterprises, Inc. Chamblee GA64285 12/19/2018
1794754 Radhmin Inc Jesup GA64576 12/28/2018
1810122 DJ SERVICES, LLC Norcross GA64720 12/31/2018
1796421 SAMARTH FOOD LLC VIENNA GA64095 12/31/2018
1799841 Northside Pawn Shop, Inc. Columbus GA64301 12/31/2018
Appendix 1 of 3
1612352 SHREE GAJKARNA CORPORATION DAWSON FOREST ROAD
GA55969 12/31/2018
20
Terminated - ExpiredLicense# Company Name City StateNMLS# Date
1646487 Bashabo Enterprise Inc Chamblee GA57297 11/28/2018
1
Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date
1688150 HARZAND CHECK CASHING INC. Decatur GA59081 11/07/2018
1246266 MIRAS INC Fairburn GA22025 11/07/2018
2
GA Money Transmitter LicenseApproved
License# Company Name City StateNMLS# Date
1787537 First Choice Global Inc Atlanta GA63891 11/01/2018
1375928 LYON'S MONEY TRANSFER INC. NEWARK NJ63880 11/01/2018
897900 Money Management International, Inc. Sugar Land TX62259 11/01/2018
3
Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date
907321 Consumer Credit Counseling Service of Greater Atlanta, Inc. Atlanta GA50325 11/05/2018
1
GA Seller of Payment Instruments LicenseApproved
License# Company Name City StateNMLS# Date
1758277 Network Communications International Corp. Longview TX62878 10/04/2018
1544336 Bittrex, Inc. SEATTLE WA63330 10/04/2018
1735216 CoinZoom, Inc. Salt Lake City UT63360 11/01/2018
1758772 Logical Brokerage Corp. Fort Lauderdale FL63844 12/03/2018
1728518 Eris Clearing LLC Chicago IL62321 12/05/2018
5
Appendix 2 of 3
Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date
1273871 BillMo LLC Middlebury CT48519 10/01/2018
1
Appendix 3 of 3