Virginia's new Chapter 19.1, Money Transmitters, became effective July 1, 2026 and replaced the prior Chapter 19 framework. The updated law was active throughout the July 19 to August 2, 2026 period and includes multistate supervision language tied to CSBS-coordinated processes.
What changed
Virginia repealed its older money transmitter framework and replaced it with a new chapter. The new chapter modernizes the state regime and reflects a more coordinated multistate supervision approach.
Compliance perspective
Money transmitters licensed or seeking licensure in Virginia should review the new chapter against current policies, bonding, reporting, and examination preparation materials. Any state-specific license matrix should be updated to reflect the new statutory framework.
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.