Louisiana enacted HB 1230 creating the Louisiana Money Transmission Act in Title 6, Chapter 13, effective July 1, 2026. Legislative materials indicate the law includes licensing provisions such as application investigation, fees, and surety bond requirements.
What changed
Louisiana established a new state money transmission framework with updated licensing mechanics and financial responsibility requirements.
Compliance perspective
Money transmitters operating in Louisiana should review whether the new law changes application standards, renewal processes, bonding, or other licensing conditions. Existing and prospective licensees should map the new chapter carefully.
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.