| Date published: | January 23, 2025 |
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The new Massachusetts money transmission law establishes a single statutory framework for the licensing, examination and regulation for all money transmitters.
- This page, Chapter 312 of the Acts of 2024: Money Transmission Law, is offered by
- Division of Banks
Chapter 312 of the Acts of 2024: Money Transmission Law
On January 1, 2025, Governor Healey signed An Act Relative to the Regulation of Money Transmission by the Division of Banks, which expands licensing, supervision and other consumer protections to cover domestic money transmissions for Massachusetts residents. The new law is set forth in Chapter 312 of the Acts of 2024.
The Division will be promulgating regulations to implement the new law. Informational Frequently Asked Questions are set forth below.