Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division Quarterly Summary of Money Service Businesses Activities MonftohrlytShuemPmearryioodf MEonrtdgiangeg AScetipvtiteiems bfoerrth3e0P,e2ri0o1d 5Ending April 2007 Inside this Issue: Georgia Renewal 2 Checklists Streamlined 2 Renewals -- MSB Licensees and Branches Georgia Renewal 3 Fees Upcoming Atlanta 4 Check Cashing Classes Upcoming 2015 4 State Holidays Department Offices Closed APPENDIX: MSB Activity by Current License Status Quarterly Reporting for Seller of Payment Instruments and Money Transmitter Licensees All Money Transmitter and Seller of Payment Instruments Licensees were emailed directly with instructions on how to complete the online form that is being used as part of the quarterly reporting requirements for the period ending September 30, 2015. In addition to completing the webform, agent/office information must be uploaded via the Uniform Authorized Agent Report (UAAR) in the Nationwide Multistate Licensing System (NMLS) to complete your quarterly reporting. If you have no agents or offices, you must still report through the NMLS. Questions regarding the UAAR should be directed to the NMLS Call Center at 1-855-NMLS-123 (1-855-665-7123). Please complete and submit both reports by November 14, 2015. Any reports received after the deadline will be subject to a fine of $1,000. 2016 MSB Renewal and Reporting Timeline All entities holding a Georgia license must submit a renewal request through NMLS starting November 1st if they wish to retain their license to conduct business in Georgia in 2016. Check Casher branches must also be renewed through NMLS. Department and NMLS communications will be sent to the email address of the company's primary contact as listed on the company's MU1 on NMLS. Renewal Period Begins MT & SPI Quarterly Report Deadline Renewal Period Ends November 1 November 14 December 1 NMLS opens renewal functionality Money Transmitter & Seller of Payment Instruments Only (UAAR and Department webform). Late Fee $1,000 Late Renewal Begins December 2 Late Renewal Application Fee--$300 Late Renewal Ends Expiration December 31 NMLS closes renewal functionality. No renewal requests can be submitted after December 31. January 1 Expired licensees must re-apply for licensure or registration to be reinstated. Page 2 3rd Quarter 2015 Georgia Renewal Checklists Georgia's license renewal checklist has been posted to the NMLS Resource Center. Please review the checklist for information on the requirements to renew your license. To avoid a late fee, please renew between November 1 and December 1, 2015. Georgia Renewal Checklist Link To complete a renewal request you must continue to meet all licensing requirements and must attest to that fact and submit a renewal request through NMLS. Click the Annual Renewal link on the home page of the NMLS Resource Center to get started. If you have any questions about renewing your Georgia license(s) through NMLS between November 1, 2015, and December 1, 2015, please email: msb@dbf.state.ga.us. Streamlined Renewals -- MSB Licensees and Branches All companies holding a Check Casher, Money Transmitter or Seller of Payment Instruments License in Georgia must submit a renewal request through NMLS between November 1 and December 1, 2015. The late renewal period is between December 2 and December 31, 2015; companies will be assessed a $300 late fee during this period. The NMLS Streamlined Renewal Process allows your company to conveniently manage the renewal of company and branches, through your organization's NMLS account. Actions Required: Records must be up to date at the time of renewal. Amendments to license information CANNOT be made through the renewal feature. If you need to make changes to a company or branch record before you attest to its accuracy for renewal, this must be done prior to submitting a renewal request through the Filing tab. It is strongly recommended that you submit updates immediately to allow sufficient time for review. Additionally, you should review license statuses and confirm that there are no outstanding license items that need to be cleared. NOTE: Waiting until November or December to submit amendments and/or clear outstanding license items will delay the approval of your renewal request. Easy Steps for Renewal: To complete a renewal request: Continue to meet all licensing requirements If your company continues to meet these requirements: Attest to that fact and submit a renewal request through NMLS. Pay the required statutory license renewal fees and NMLS transaction fees (see fee information on Page 3). The NMLS Resource Center has valuable tools to assist in the NMLS 2016 Streamlined Renewal Process, including a license renewal handbook/ navigation guide, training materials, links to states that are participating in the process, as well as the 2016 Renewal Checklists. COMMONLY USED ACRONYMS CC-- Check Casher License Department -- Ga. Department of Banking and Finance MSB -- Money Services Business 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 3rd Quarter 2015 Page 3 Streamlined Renewals -- MSB Licensees and Branches (cont'd) (Continued from page 2) Click the Annual Renewal link on the home page of the NMLS Resource Center. NMLS WILL NOT ACCEPT RENEWAL SUBMISSIONS AFTER December 31, 2015 (EASTERN TIME). Please note the time zone difference of your location. ADDITIONAL INFORMATION REGARDING RENEWAL REQUIREMENTS Attestation Companies may log onto the NMLS website and complete the attestation process and request renewal starting November 1st. Attestation is a company's legal certification that: (i) company and branch NMLS records are up to date, (ii) renewal requirements have been satisfied, and (iii) the company meets all license renewal eligibility requirements. Fees In addition to Georgia annual renewal fees, NMLS charges processing fees of $100 per company license and $20 per branch license,. These fees must be paid electronically through NMLS upon submission of the license renewal request. Processing fees cover NMLS' operations, including system access, financial statement functionality, access to reports, the ability to maintain and renew licenses, and call center support. Training Companies are required to complete an attestation pertaining to company and branch renewal requests selected for submission each time the Company Renewals Cart is submitted. Control Persons (Form MU2) do not need to attest to their record as part of a company's renewal submission. Renewal Submissions Deadlines Renewal requests may be submitted starting November 1st and should be submitted no later than December 1. If you have licenses you do not intend to renew, you must notify the Department by selecting the "Do Not Renew" option. Renewal workshops will be conducted by the State Regulatory Registry, LLC to review the NMLS 2016 Streamlined Renewal Process. The optional workshops will provide licensees and applicants with tips on how to use the NMLS during the 2016 Streamlined Renewal period. The fee for these workshops is $75. To register for one of the workshops, visit the State-Licensed Training Workshops page on the NMLS Resource Center. Check Casher License Check Casher Branch Notification Money Transmitter License Seller of Payment Instrument License Georgia Renewal Fees $300 annual license fee $30 annual fee $900 annual license fee $1,900 annual license fee These fees must be paid electronically through NMLS upon submission of the license renewal request. Requests must be submitted by December 1, 2015 for a timely renewal. Renewal requests submitted on or after December 2nd will be considered late and will be subject to an additional $300 late renewal application fee that will be invoiced through NMLS. The above fees do not reflect NMLS processing fees. Page 4 3rd Quarter 2015 Upcoming Atlanta Check Cashing Classes The Department offers a check cashing class that benefits first-time and experienced check cashers. Classes are scheduled on Tuesdays at 10:00 a.m. and generally last about an hour and a half. Upcoming Atlanta Check Casher Class November 17, 2015, 10:00 AM January 19, 2016, 10:00 AM 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 770-986-1639 or emailing tkoeppel@dbf.state.ga.us. Reserve your seat NOW! We look forward to seeing you. * Please note that the class schedule is subject to change Upcoming 2015 State Holidays - Department Offices Closed Holiday Name Columbus Day Veterans Day Thanksgiving Day Christmas Day Date Observed Monday, October 12th Wednesday, November 11th Thursday, November 26th Lee's Birthday will be observed on Friday, November 27th Friday, December 25th Washington's Birthday will be observed on Thursday, December 24th 3rd Quarter 2015 Department Contact Information NAME Teresa Koeppel, Financial Examiner Ana Contreras, Assistant Financial Examiner Joel Byers, Senior Financial Examiner Page 5 E-MAIL ADDRESS tkoeppel@dbf.state.ga.us acontreras@dbf.state.ga.us byers@dbf.state.ga.us PHONE# (770) 986-1639 (770) 986-1652 (770) 986-1656 Corresponding with the Department When corresponding with the Department, e-mail communication is preferred. Providing written details in the email 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. Please include your NMLS or License number on all communications. The main Division e-mail address is msb@dbf.state.ga.us. 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 for your primary contact and that you keep us informed if your e-mail address changes by updating your company's MU2 on NMLS. Please also be sure that your email account does not divert Department e-mail to your spam or junk folder. Page 6 Georgia Department of Banking and Finance 2990 Brandywine Road Suite 200 Atlanta, Georgia 30341-5565 Phone: (770) 986-1633 Fax: (770) 986-1655 or 1029 Email: msb@dbf.state.ga.us We're on the Web! dbf.georgia.gov 3rd Quarter 2015 The Department is the state agency that regulates and examines Georgia statechartered 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, sellersissuers 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 and economic growth and prosperity in Georgia. Sign-up to Receive this Publication This quarterly publication is delivered to interested parties via e-mail and is also available from the Department's website at: http://dbf.georgia.gov under Publications, MSB Newsletter. If you would like to be added to our distribution list, send an email to dbfpress@dbf.state.ga.us stating your name and e-mail address. Please be sure to include "Subscribe to MSB Newsletter" in the Subject line. License Status Approved Denied Revoked Terminated Expired APPENDIX Definition The entity has an Approved licens e. The entity applied for a licens e and the reques t was Denied. The entity's licens e was Revoked and the entity is no longer authorized to conduct business. The entity failed to renew or its renewal request was not approved. Terminated Ordered to Surrender Terminated Surrendered/Cancelled An entity has been ordered to s urrender their approved licens e. The entity is not authorized to conduct business. The entity has reques ted a s urrender/cancelation of their licens e and the regulator has granted this surrender/ cancelation request. MSB ACTIVITY BY CURRENT LICENSE STATUS GA Check Casher License Approved NMLS License No. Company Name 1377036 46691 SUNRISE 3015 INC. 1375926 46697 sara investments llc 1380722 46800 SONIA BEVERAGE HOLDINGS INC 1382815 38297 PAYAL D PATEL LLC 1374222 46511 RV FOOD INC. 1380280 46717 Shrinathji Trading INC 1375382 34760 7-11-9 gas and food mart inc 1381261 46801 AMAYAH INVESTMENTS INC 1381265 46692 Armaan & Areebah, Inc 1381507 46715 MITCHELLS INVESTMENTS INC 1254344 44532 AASA FOOD MART INC 1336195 46592 Dalomais Incorporation dba. Sabor Latino Abarrotes 1324416 46895 MDNPK LLC 1390326 47003 SHANAYA SHALLOWFORD INC 1377037 46892 SEAN MARKETING INVESTMENT, LLC 1390320 46947 shanaya conyers inc 1333820 46409 Dyana's Gifts & Decorations 1388974 47005 Tanvi & Ayush Inc 1387910 47074 KAS INC 1381229 46693 elma investments llc Date 07/01/2015 07/01/2015 07/06/2015 07/06/2015 07/06/2015 07/09/2015 07/13/2015 07/13/2015 07/13/2015 07/13/2015 07/15/2015 07/20/2015 07/23/2015 07/29/2015 07/29/2015 07/29/2015 07/29/2015 07/29/2015 08/05/2015 08/05/2015 City CAMILLA gainesville MARIETTA ALMA PERRY Savannah warner robins DORAVILLE Atlanta NORCROSS BUFORD sugar hill Mcdonough chamblee Woodstock conyers athens Valdosta VALDOSTA tucker State GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA Appendix 1 of 3 1377842 1398457 1383830 1381231 1381238 1381242 1381235 1393210 1396676 1275480 1394527 1405929 1401394 1403088 1410220 1411049 1309077 1349202 23938 23631 47181 46716 46696 46695 46694 47233 47156 35964 47136 47482 36613 47331 47614 23105 42349 22824 Jubilee Business Ventures of Georgia, LLC Kiran inc, d/b/a Mini mart Serena Hwy 81 LLC Ali Group Inc rose services inc hamza properties llc fatima business inc BIP BRUNSWICK INC ROYAL GAS & FOOD INC shivani trading inc Param Vir LLC SK STAR, LLC EXIT 18 LIQUORS LLC FJ BUSINESS LLC INSHA INVESTMENT GROUP LLC Super Mercado Carrillo El Guero #1 GOD'S BLESSINGS, INC. SHRI BALAJI INC 38 Expired NMLS License No. Company Name 1274299 23727 Catalina Supermarket Inc 1 Terminated - Surrendered/Cancelled NMLS License No. Company Name 1232447 24063 LIBERTY PACKAGE FOREST PARK LLC 1237392 21532 ZAMAN ENTERPRISE 1271638 43406 CREEKSIDE GROCERY INC 1253342 33855 DALOMAIS INC dba Sabor Latino Abarrotes 1234173 35162 dharam group llc 5 08/06/2015 Clermont GA 08/06/2015 Swainsboro GA 08/06/2015 Monroe GA 08/07/2015 Atlanta GA 08/07/2015 conyers GA 08/07/2015 college park GA 08/10/2015 clarkston GA 08/14/2015 BRUNSWICK GA 08/14/2015 ELLENWOOD GA 08/19/2015 Savannah GA 08/20/2015 Rincon GA 09/11/2015 CONYERS GA 09/11/2015 VALDOSTA GA 09/25/2015 Winder GA 09/25/2015 ATLANTA GA 09/25/2015 Gainesville GA 09/25/2015 Fayetteville GA 09/28/2015 DALTON GA Date 07/21/2015 City Hapeville State GA Date 07/10/2015 07/14/2015 07/14/2015 07/20/2015 07/29/2015 City Forest Park Norcorss CALHOUN Sugar Hill Buford State GA GA GA GA GA Appendix 2 of 3 GA Money Transmitter License Approved NMLS License No. Company Name 1309501 47004 Alliance Financial Services LLC 1068708 47057 Metavante Payment Services, LLC 1179663 44350 WorldRemit Corp. 3 Terminated - Surrendered/Cancelled NMLS License No. Company Name 1240686 24047 Global Transaction Services 1 GA Seller of Payment Instruments License Terminated - Surrendered/Cancelled NMLS License No. Company Name 897897 23047 nFinanSe Payments Inc. 1 Date 07/29/2015 08/31/2015 09/17/2015 City Dallas Milwaukee Denver State GA WI CO Date 09/08/2015 City Marietta State GA Date 07/06/2015 City Tampa State FL Appendix 3 of 3