Licenses / Money transmitter / Virginia

VA · Money transmitter

Money transmitter in Virginia

Typical processing time: Typical range unknown — statutory clock cited

What is published

Statutory clock

120 days after the application is complete

Once the State Corporation Commission determines a money-transmitter application is complete, it must approve or deny within 120 days. Silence after that window is deemed approval, effective the next business day, unless the Commission extends the period for good cause.

Clock starts: the date the Commission determines the application is complete. Deemed approval if silent: yes, per the cited section. Extendable: yes.

Where the file is reviewed

Confirm the live license name and documents in the NMLS Checklist Compiler. This page does not decide whether you must file, or which product name applies.

What usually delays this family of filings

Paid expedite: none cited for this pair. See when expedite is real.

Other cores in Virginia

Collection · Lending · Mortgage · All four on the state page

Sources

  1. Licensing Checklists, Requirements, and Fees — NMLS Resource Center (CSBS / SRR). Accessed 2026-08-29.
  2. Virginia Code § 6.2-1933 — Issuance of license — Virginia Legislative Information System. Accessed 2026-08-29.
  3. CSBS Money Transmission Modernization Act (MTMA) — Conference of State Bank Supervisors. Accessed 2026-08-29.
  4. CSBS Model Money Transmission Modernization Act (13 September 2021) — Conference of State Bank Supervisors. Accessed 2026-08-29.

Filing desk

Ask Cornerstone to sequence the filing calendar.

FastLicense publishes the clocks it can cite. Cornerstone Licensing prepares and files collection, lending, money transmitter, and mortgage company applications.

Ask Cornerstone Call 770-587-4595 cornerstonelicensing.com