MTL FastTrack is a ready-to-use application toolkit designed to make the state Money Transmitter License (MTL) process faster and more organized. It provides the compliance, governance, and business policy frameworks commonly requested by state regulators, plus state-specific add-ons and a 50-state checklist. FastTrack is built for fintech founders, accelerators, BaaS providers, and law firms who want a cost-effective starting point for licensing.

No. FastTrack is not a substitute for legal advice. It provides customizable frameworks and checklists based on regulator checklists and past examiner feedback. Your counsel or compliance advisors should always review and finalize your submission before filing.

No. Approval is always at the discretion of state regulators. FastTrack helps you prepare the documents that regulators typically expect, reducing the risk of delays or rejections, but it does not guarantee an approval outcome.

The Core Kit includes 28 ready-to-edit documents covering areas such as AML/BSA, business continuity, privacy, consumer complaints, governance, and organizational structure. These align with categories frequently requested in MTL applications. Some states also require supplemental add-ons, which are available separately.

Core Kit frameworks are available a la carte to fit your business's custom needs. Please contact us to learn more about these options and how we can best support you.

State add-ons address specific state requirements beyond the Core Kit, such as marketing disclosures, cybersecurity narratives, or delegate policies. They are aligned with NMLS checklists and reflect examiner feedback where available. This modular approach lets you build exactly what your application needs.

Absolutely! Our frameworks are fully editable, designed as structured starting points that you can tailor with your company’s details, products, and procedures. Regulators expect your policies to reflect your actual business model, and MTL FastTrack makes it easier to achieve that fit.

MTL FastTrack Core Kit (for Startups): $13,000

State add-ons are also available for $1,000 each. We offer bundle discounts: 2–5 states for $2,250; 6+ states for $3,000.

Pricing for MTL FastTrack Partner Pack and RayCor White Label Suite is customized to your business needs. Get in touch with us to receive a quote.

Regulators update checklists and examiner expectations over time. MTL FastTrack monitors these changes and refreshes frameworks regularly, but all customers should verify current requirements before submitting MTL applications. Founders can purchase updated versions as needed; Partner and White Label clients receive quarterly updates as part of their package.

The frameworks are updated on a rolling basis to reflect NMLS checklist updates, examiner trends, and regulatory changes. Founders can purchase updates as needed, while Partner and White Label clients receive scheduled refreshes.

Law firms and consultants often draft documents from scratch, which can cost $20,000–$50,000 or more just for policies. MTL FastTrack delivers structured frameworks at a fraction of the cost, while still allowing you to engage counsel for review and tailoring. This saves both time and money without compromising quality.

Yes, you can. MTL FastTrack documents are structured to satisfy not only licensing regulators but also banking partners and investors who conduct due diligence. Many clients use them as part of partner onboarding and fundraising processes.

On average, founders save over 100 hours of drafting and coordination time by starting from regulator-aligned frameworks rather than building every policy from scratch.

No. NMLS forms (MU1, MU2, etc.), fingerprints, and financial statements must still be completed separately. FastTrack covers most of the compliance, governance, and business documentation that accompany those filings.

Reach out to info@raycorconsulting.com with any additional questions or concerns and we'll be happy to help.