Arkansas Money Transmitters
Arkansas changed their current law regarding Money Transmitters. The State eliminated any other form of security besides a surety bond. Surety Bonds are now a requirement for money transmitters to be in compliance with the state.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.
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