Louisiana began licensing, regulating, and supervising money transmission licensees under the Louisiana Money Transmission Act on July 1, 2026. The July 20 to August 3, 2026 period fell within the first month of the new regime being active, with licensing handled through NMLS.
What changed
Louisiana shifted to a new money transmission framework and brought licensees under the Louisiana Money Transmission Act. The state also confirmed NMLS as the licensing channel for affected businesses.
Compliance perspective
Money transmitters operating in Louisiana should confirm license status, NMLS records, responsible individual information, and state-specific application or transition requirements under the new regime. Companies entering Louisiana should use the updated state process and review any checklist, bond, net worth, and control person requirements tied to the new act.
Key date
Effective date: July 1, 2026.
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