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Action required Louisiana Legislature / Louisiana Office of Financial Institutions LA Jul 20, 2026

Louisiana Money Transmission Act Effective and Replacing Prior Statute

Louisiana's new Louisiana Money Transmission Act became effective July 1, 2026 and was active throughout the July 6 to July 20 window. The new law replaced the older Sale of Checks and Money Transmission Act, and the Louisiana OFI said NMLS must be used for licensing-related filings.

Louisiana's new Louisiana Money Transmission Act became effective July 1, 2026 and was active throughout the July 6 to July 20 window. The new law replaced the older Sale of Checks and Money Transmission Act, and the Louisiana OFI said NMLS must be used for licensing-related filings.

What changed

Louisiana shifted to a new statutory regime for licensing, regulating, and supervising money transmission licensees under Act 888.

Compliance perspective

Money transmitters should confirm they are using NMLS for Louisiana licensing activity and review any policy or disclosure references carried over from the prior law. A statute replacement like this can affect application content, ongoing reporting, and examination preparation.

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.

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  • Action Louisiana Legislature / Louisiana Office of Financial Institutions LA Jul 20, 2026

    Louisiana Money Transmission Act Effective and Replacing Prior Statute

    Louisiana's new Louisiana Money Transmission Act became effective July 1, 2026 and was active throughout the July 6 to July 20 window. The new law replaced the older Sale of Checks and Money Transmission Act, and the Louisiana OFI said NMLS must be used for licensing-related filings.

    Read explainer
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