Inside this Issue:

Monthly Summary of Mortgage Activities for the Period Ending April 2007

NMLS Money Services

Businesses Call Report and 2nd

Quarter 2018 Quarterly Reporting

2

Upcoming 2018 State Holidays

2

Upcoming Atlanta Check Cashing

Classes

3

Upcoming Forsyth Check Cashing

Class

3

Upcoming Dalton Check Cashing

Class

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 June 30, 2018

Governor Deal signed House Bill 780 into law on May 3, 2018, and its provisions went into effective immediately upon the Governor’s signature. The bill was introduced by Representative Bruce Williamson at the request of the Department of Banking and Finance (“Department”) and sponsored in the Senate by Senator John Kennedy. The bill revises statutory provisions governing most of the entities regulated by the Department – banks, credit unions, trust companies, bank holding companies, money service businesses, and mortgage lenders and brokers – as well as certain provisions addressing the Department’s general powers.

Among other items, the bill:

1) eliminates the requirement of prior approval of certain changes in control and instead requires a written notification to the Department to be received not later than ten business days of the effective date of the change; and

2) clarifies that information contained in the records of the Department which is not confidential may be made available to the public in the Nationwide Multistate Licensing System and Registry (NMLS).

The Department strongly encourages every regulated entity to review the bill to ensure a thorough understanding of all the applicable revisions. House Bill 780 can be viewed at: http://www.legis.ga.gov/Legislation/20172018/178931.pdf.

Governor Deal signs House Bill 780

On Wednesday, June 27, 2018, the Department adopted Final Rules. The Rules were filed with the Secretary of State on June 27, 2018, and, pursuant to O.C.G.A. § 50-13-6, will be effective on July 17, 2018, which is twenty days (20) following the filing of the Rules with the Secretary of State.

Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on May 17, 2018. The Department received two (2) written comments regarding the proposed Rules. The Department fully considered the comments it received and made substantive revisions to Rules 80-3-1-.01(5) and 80-3-1-.07(1)(p) to revert to the original language in the rule related to posting of licenses. The Department also made revisions to Rule 80-3-1-.07(1)(a), (d), and (f) to align certain references to changes in the proposed Rules. The Department believes that the Rules as adopted encourage safety and soundness, encourage safe and fair mortgage lending, and conform to the law.

To view or download the Final Rules, go to Regulations page on the Department’s website (https://dbf.georgia.gov/dbf-regulations) and select the appropriate link for the Final Rules, OR you may access them directly from: https://dbf.georgia.gov/sites/dbf.georgia.gov/files/related_files/document/DBF-Final-Rulemaking_6-27-2018.pdf.

Notice of Final Rulemaking

Page 2 2nd Quarter 2018

NMLS Money Services Businesses Call Report and 2nd Quarter 2018

Quarterly Reporting

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

Quarterly reports on transactions that occurred between April 1, 2018 - June 30, 2018, are now due. The

Department adopted 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 (August 14, 2018). 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, 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.

Please complete and submit all reports by August 14, 2018.

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 msb@dbf.state.ga.us.

Upcoming 2018 State Holidays—State Offices Closed

Labor Day — Monday, September 3rd

2nd Quarter 2018 Page 3

Upcoming Atlanta Check Cashing Classes

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 msb@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 Atlanta Check Casher Class*

September 5, 2018, 10:00 AM

December 5, 2018, 10:00 AM

Upcoming Dalton Check Cashing Class

The Department will be holding a check cashing class in Dalton, Georgia on October 16, 2018, from 10:00 AM -

Noon (Sign in will begin at 9:00). The class will be held at the Northwest Georgia Trade and Convention Center,

2211 Dug Gap Battle Road, Dalton, Georgia 30720.

The class will take place in the blue lecture hall in the upper level of the building - see the map of the building

below for the Northwest Georgia Trade and Convention Center.

Please refer to their website for more details about the location http://www.visitdaltonga.com/convention-center/

plan-your-meeting/our-facility/floor-plans/

To reserve a seat, please contact us at 770-986-1652 or send an email to msb@dbf.state.ga.us.

Upcoming Forsyth Check Cashing Class

Representatives from the Department will be speaking on August 15, 2018, at 10 AM at the Tift College State

Offices in Forsyth, Georgia. This will serve as an opportunity for MSB Licensees to learn about the examination

process as well as any updates regarding the Department's laws and rules.

The class will take place at the following location:

State Offices South at Tift College

Vinzant Classroom #116

300 Patrol Road

Forsyth, GA 31029

To reserve a seat, please contact us at 770-986-1652 or send an email to msb@dbf.state.ga.us.

Page 4 2nd 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 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 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 fornelas@dbf.state.ga.us (770) 986-1313

Ana Contreras, Financial Examiner acontreras@dbf.state.ga.us (770) 986-1652

Byron Larios, Senior Assistant Financial Examiner blarios@dbf.state.ga.us (770) 986-1639

2nd Quarter 2018 Page 5

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

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 the Quick Links

section on our homepage (dbf.georgia.gov) and click on Stay Connected. This will

take you to our new subscription service provided by GovDelivery (also known as

Granicus). Notifications regarding subscriptions will no longer be sent from

dbfpress@dbf.state.ga.us but will originate from <Department of Banking and

Finance> GADBF@public.govdelivery.com.

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

1712996 SHUBHSHRIYA LLC CUMMING GA60217 04/10/2018

1728118 RUHI INC ALBANY GA61117 04/12/2018

1712375 Saraswati Investment, LLC CUMMING GA60989 04/13/2018

1696680 R&G SHREEJI265 LLC Hiram GA61230 04/26/2018

1713970 SRI GAJANAND LLC Lyons GA61326 05/03/2018

1707459 Dhan Kuber 1202, LLC WARNER ROBINS GA61416 05/10/2018

1694905 SHIVYOG LLC POOLER GA60787 05/11/2018

1240758 MCS INVESTMENTS INC. covington GA9029 05/16/2018

1230597 JOHNSON TAX SERVICE LLC MOULTRIE GA30732 05/25/2018

1737161 Raina Rakin Enterprises LLC Toccoa GA61679 05/30/2018

1637772 HKRV 1 INC CHARTSWORTH GA57153 06/06/2018

1733759 Mary's Restaurant, LLC Willacoochee GA61325 06/07/2018

1123299 SHIV KRUPA CASH SERVICES LLC Willow Grove PA61545 06/08/2018

1746718 Fort Valley Check Cashing, LLC Fort Valley GA61940 06/14/2018

1738858 PARTH 121 INC Georgetown GA61762 06/21/2018

1746024 Deeya, Inc. VALDOSTA GA62090 06/21/2018

1275486 J.C. BRANTLEY, INC. Vidalia GA23998 06/21/2018

1735011 ABDUL TAYYEB USA, INC. Duluth GA61735 06/25/2018

1746038 JEEYA PATEL LLC ADEL GA62012 06/25/2018

1739236 Tienda La Fe LLC Columbus GA61616 06/26/2018

Appendix 1 of 3

1703873 Shree Ramji LLC Waycross GA62151 06/28/2018

21

Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date

1250925 Community plaza Fort Valley GA22999 04/03/2018

1247877 CIC Financial Services of Georgia, LLC Cleveland TN24237 04/12/2018

1232803 JZS Inc East Point GA23544 04/18/2018

1255991 Andy 222, Inc hampton GA34425 05/18/2018

1275505 A R Khan and Sons, LLC Atlanta GA36342 05/18/2018

5

GA Money Transmitter LicenseApproved

License# Company Name City StateNMLS# Date

1572912 Paypool LLC Washington DC61119 04/12/2018

1434636 Government Payment Service, Inc. Indianapolis IN61205 04/25/2018

1112680 AP Account Services, LLC San Antonio TX61334 05/02/2018

1680784 STRATCOX INVESTMENTS LLC DALLAS GA61360 05/08/2018

1675803 P2P Cash Technology Inc. Roswell GA59904 05/08/2018

5

Terminated - ExpiredLicense# Company Name City StateNMLS# Date

1353207 SEQR Payments, Inc. Atlanta GA46563 05/21/2018

965200 Unidos Financial Services, Inc Littleton CO21680 06/14/2018

2

Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date

915839 Softgate Systems, Inc. Jersey City NJ20456 06/29/2018

1

GA Seller of Payment Instruments LicenseApproved

License# Company Name City StateNMLS# Date

1572799 PINGPONG GLOBAL SOLUTIONS INC San Francisco CA58520 04/02/2018

Appendix 2 of 3

1679249 Athena Bitcoin, Inc. Chicago IL60012 04/04/2018

1099545 InstaMed Communications, LLC Philadelphia PA61379 05/24/2018

3

Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date

1040399 Global Express Money Orders, Inc. Silver Spring MD9013 06/29/2018

1

Appendix 3 of 3