Oklahoma's Money Transmission Modernization Act introduces a comprehensive framework for licensing and supervising money transmitters, including new requirements for reporting, net worth, and surety bonds.
What changed
Created a new licensing structure and enforcement provisions for money transmitters.
Compliance perspective
Entities must comply with the new framework effective November 1, 2026, and ensure proper reporting and licensing through NMLS.
Key date
Effective date: November 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.