Act 888 amends Louisiana's Money Transmission Act, directly regulating money transmitters operating in the US state, which falls squarely within US Money Transmission regulatory scope.
Low confidence — requires human review. While money transmitters may handle cross-border remittances, this update focuses on state-level licensing and operational requirements rather than remittance-specific regulation.
Specialism
The update is a procedural announcement summarizing legislative amendments to Louisiana's money transmission framework, but lacks specific regulatory content details needed to determine the precise compliance area affected.
The OFI's summary relates to regulatory oversight of money transmitters, though the abstract nature of the announcement and absence of substantive regulatory provisions limits confidence in this classification.
2026-06-16 13:32:06·pdonofrio@vixio.com
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Learn more about what's going on at the Louisiana Office of Financial Institutions. We have press releases and other news for you to look at.
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TITLE: Louisiana Office of Financial Institutions Summarises Money Transmission Act Amendments Under Act 888
BODY:
The Louisiana Office of Financial Institutions (OFI) has published a summary of the Louisiana Money Transmission Act (LMTA) amendments introduced through Act 888 (House Bill 1230) during the 2026 Regular Legislative Session.
Act 888 represents a legislative update to Louisiana's money transmission regulatory framework. The OFI summary provides an overview of the key provisions and amendments contained within the act, which modifies the existing LMTA. The act was passed during the 2026 Regular Legislative Session and codifies changes to how money transmitters operate and are regulated within Louisiana's jurisdiction.
The OFI has made this summary available to stakeholders, including money transmitters, financial institutions, and other regulated entities operating under Louisiana's money transmission licensing regime. The summary serves as a reference document for understanding the scope and application of the amended LMTA provisions.
Money transmitters and other entities subject to Louisiana's money transmission regulations should review the OFI's summary to understand how Act 888 affects their compliance obligations and operational requirements. The OFI website provides access to the full summary and related documentation for stakeholders seeking detailed information on the legislative amendments. Entities are encouraged to consult the OFI directly for guidance on implementing the changes introduced by Act 888 and ensuring continued compliance with Louisiana's updated money transmission regulatory framework.
Louisiana Money Transmission Act (“LMTA”) Summary - Act 888 (HB 1230) of the 2026 Regular Legislative Session Click Here for more information. Related Articles Back to Archive Read More Read More Read More Links from the OFI website to other websites are provided solely as a convenience to visitors. If you use these links, you will leave the OFI website. OFI does not have any responsibility or control over any of these external websites, their content, or their privacy policies. We do not endorse or make any representations about third-party external websites, including any information, products, materials, or results that may be obtained from using them. If you decide to access any of the linked third-party websites, you do so solely at your own risk. You are encouraged to review the privacy notice for each linked website. Proceed Cancel ×