Louisiana enacted a new Money Transmission Act through House Bill 1230, signed June 9, 2026, with an effective date of July 1, 2026. The law largely tracks the CSBS model and updates licensing through NMLS, quarterly call reporting, annual audited financials, net worth and surety bond standards, permissible investments, agent oversight, and enforcement authority.
What changed
Louisiana replaced or modernized its money transmission framework with a comprehensive new act aligned to the MTMA model.
Compliance perspective
Existing and new money transmitters in Louisiana should review licensing packages, financial statement requirements, permissible investment coverage, and agent-management controls before July 1. This is a direct filing and operations change, not just a policy signal.
Key date
Effective date: July 1, 2026.
Need help keeping up with these changes?
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.