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LA SB287
Bill
AI Summary
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Virtual currency kiosk operators must acknowledge and respond to cancellation/refund requests within 10 business days, with refunds completed within 90 calendar days
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Kiosk operators must provide live customer support via toll-free telephone during operating hours, with the number displayed on kiosks and transaction receipts
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Operators must submit quarterly reports to the commissioner of financial institutions detailing all cancellation and refund requests, including customer information, transaction dates, and amounts
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Transaction receipts must be provided in both paper and electronic form, including the operator's unique identifier, full fee disclosures (including third-party fees), and refund policy information
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New account disclosures must inform residents of their right to contact the Office of Financial Institutions with complaints, including the agency's telephone number; effective August 1, 2026
Legislative Description
Provides relative to virtual currency. (8/1/26)
BANKS/BANKING
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.
3/9/2026