# Arkansas HB1467: TO AMEND THE UNIFORM MONEY SERVICES ACT. Arkansas HB1467, TO AMEND THE UNIFORM MONEY SERVICES ACT., is a 2025 Regular Session House bill sponsored by Brandon Achor (Republican), Justin Boyd (Republican); status enacted, last action 2025-04-14 (Notification that HB1467 is now Act 557); PRIA reads it as touching household money (as of 2026-10-16). - Canonical: https://policyrisk.com/state-bill/AR-HB1467-2025 - As of: 2026-10-16 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas HB1467 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND THE UNIFORM MONEY SERVICES ACT. - Status: enacted - Chamber: House - Introduced: 2025-02-12 - Last action: 2025-04-14, Notification that HB1467 is now Act 557 - Sponsors: Brandon Achor (Republican), Justin Boyd (Republican) - Cosponsors: 1 - Touches household money: yes - Roll calls: 2 (126 yes, 0 no in all) - Economic provisions PRIA read: 10 ## Summary No summary available. ## Bill overview: provisions PRIA read - Bonds back money transmission customer claims: benefit, low. Money transmission licensees must maintain a bond from application onward to secure their obligations and cover claims. The required amount is the greater of $100,000 or 100% of average daily Arkansas liability, capped at $500,000. Liability uses the latest completed three-month period; a $100,000… - Clearer warnings and receipts for kiosk customers: benefit, low. Before the first transaction, kiosks must explain risks, including irreversible transactions and no government backing or deposit insurance. New account disclosures must explain liability and stop-payment rights. Before each transaction, operators must disclose amounts, fees, exchange rates, transa… - Fee caps for virtual currency kiosks: benefit, low. Virtual currency kiosks cannot charge combined fees and commissions above $5 or 18% of the transaction amount. The supplied text does not explain how these two limits work together. - Fraud refunds for new kiosk customers: benefit, low. New customers can request cancellation and a full refund for fraudulent kiosk transactions made within 72 hours after registration. They must contact both the kiosk operator and a government or law enforcement agency. They must also file a report with a government or law enforcement agency document… - Stronger fraud safeguards for older customers: benefit, low. Before a new customer age 60 or older completes a first virtual currency transaction, the kiosk operator must verify their identity and speak with them by phone. The operator must record and keep that call. Money transmission companies must give authorized agents materials on spotting elder financi… - Daily limits for virtual currency customers: cost, medium. Kiosk customers registered for less than 72 hours are limited to $2,000 in transactions per day. Customers registered for more than 72 hours are limited to $7,500 per day. - Kiosk operators must hire compliance staff: cost, low. Each virtual currency kiosk owner or operator must employ a qualified chief compliance officer to oversee legal compliance. That officer cannot own more than 20% of the employing business. Full-time employees must perform compliance work. - Customer data safeguards exclude small institutions: mixed, medium. Covered licensed money services businesses must maintain written, risk-based security programs led by a qualified person. Safeguards include access controls, encryption, added sign-in checks, secure software development, activity logs, staff training, and outside-provider oversight. Approved altern… - Data incident reporting allows public notice delays: mixed, low. Covered businesses must report unauthorized acquisition of unencrypted Arkansas customer information to the Securities Commissioner promptly, within 45 days after discovery. Reports must include business contacts, information involved, affected or potentially affected consumer counts, and an event… - Kiosk customers get safeguards and identity checks: mixed, low. Kiosk customers must provide government-issued identification, and multiple customers cannot use the same virtual currency wallet. Operators must use a specialized outside provider to analyze blockchain activity and prevent transactions with high-risk or sanctioned wallets. They must be able to blo… ## Sponsors and cosponsors - Sponsor: Brandon Achor (Republican), House - Sponsor: Justin Boyd (Republican), Senate - Cosponsor: Austin McCollum (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-08 | Senate | Senate Vote - Tuesday, April 8, 2025 7:34:52 PM | pass | 32 | 0 | 3 | | 2025-03-20 | House | House Vote - Thursday, March 20, 2025 3:00:21 PM | pass | 94 | 0 | | ## Actions (19) - 2025-04-14: Notification that HB1467 is now Act 557 (House) - 2025-04-09: Correctly enrolled and ordered transmitted to the Governor's Office. (House) - 2025-04-09: TO BE ENROLLED (House) - 2025-04-09: Returned from the Senate as passed. (House) - 2025-04-08: Returned to the House as passed. (Senate) - 2025-04-08: Read the third time and passed. (Senate) - 2025-04-01: Returned by the Committee, with the recommendation that it Do Pass (Senate) - 2025-03-20: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-03-20: Received from the House. (Senate) - 2025-03-20: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-03-19: Returned by the Committee Do Pass (House) - 2025-03-17: REPORTED CORRECTLY ENGROSSED (House) - 2025-03-17: Amendment No. 2 read and adopted and the bill ordered engrossed. (House) - 2025-03-17: Placed on second reading for the purpose of amendment. (House) - 2025-03-11: REPORTED CORRECTLY ENGROSSED (House) - 2025-03-11: Amendment No. 1 read and adopted and the bill ordered engrossed. (House) - 2025-03-11: Placed on second reading for the purpose of amendment. (House) - 2025-02-12: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House) - 2025-02-12: Filed (House) ## Bill text - HB1467 - Introduced, 2025-02-12: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1467.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=557.pdf&ddBienniumSession=2025%2F2025R) ## Related bills - HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR. (enacted) - HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed) - HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIV… (failed) - SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES. (failed) - HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN P… (failed) - HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED A… (failed) ## Sources - [HB1467 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1467.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=557.pdf&ddBienniumSession=2025%2F2025R) ## Related - [HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025…](https://policyrisk.com/state-bill/AR-HB1265-2025) - [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025) - [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025) - [SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE US…](https://policyrisk.com/state-bill/AR-SB440-2025) - [HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO…](https://policyrisk.com/state-bill/AR-HB1695-2025) - [HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL…](https://policyrisk.com/state-bill/AR-HR1012-2025) - [Arkansas bills](https://policyrisk.com/states/arkansas/bills) - [Arkansas state hub](https://policyrisk.com/states/arkansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AR-HB1467-2025 (as of 2026-10-16).