Louisiana enacted HB 1230, a new comprehensive Money Transmission Act signed on June 9, 2026. The law takes effect July 1, 2026 and replaces the prior framework with a broader licensing, supervision, reporting, net worth, surety bond, permissible investment, and authorized agent structure aligned with the CSBS model.
What changed
Louisiana overhauled its money transmission law and moved to a more modern framework that covers prudential requirements, reporting, licensing, and agent oversight.
Compliance perspective
Companies licensed in Louisiana, or entering the state, should review the new statute before the July 1 effective date and compare current licensing files, agent structures, and financial responsibility documentation against the new standards. This is a framework change, not a narrow amendment.
Key date
Effective date: July 1, 2026.
Need help staying compliant?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.