The Multistate Money Services Businesses Licensing Agreement (MMLA) Program is a program meant to simplify license application for money services businesses operating in multiple states. This program will help money services businesses to apply for multiple state licenses more conveniently.
All applicants who wish to enter the MMLA program to secure a license from the state need to fill in the MMLA Intake Form and submit it to the Department of Financial Institutions of Washington. Through the MMLA program, a state agency will conduct a Phase 1 review of the MSBâs application. If approved, the state agency will certify its review to other states. Other state agencies will conduct a Phase 2 review of the application based on the stateâs regulations. Once approved, the applicant will be granted a license from each state.