Money Transmitters — License Renewal
Please note: All application material must be one-sided documents.
Licenses issued under SDCL Chapter 51A-17 expire annually on July 1. Renewal notices will be sent to licensees at the address on record in April of each year and will be due by June 1 of each year. Please contact the Division if you do not receive the renewal notice by May 1. A licensee who has not filed a renewal report or paid its renewal fee by June 1 shall have his or her license suspended immediately. The licensee then has 30 days after the license is suspended in which to file a renewal report and pay the renewal fee, plus $100 for each business day after suspension that the director does not receive the renewal report and fee. Any license not renewed prior to July 1 expires.
The renewal fee is $800 as set by Administrative Rule of South Dakota (ARSD) 20:07:21:02.
The Money Transmitter License Renewal Application is available on this website from April 1 to June 30 of each year. The report requirements include, but are not limited to, the following:
700 Governors Drive
Pierre, SD 57501-2291