HLS 10RS-1063 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2010
HOUSE BILL NO. 209
BY REPRESENTATIVE ARNOLD
FINANCIAL INSTITUTIONS: Provides for methods of payment for licensing fees for
individuals making consumer loans
AN ACT1
To amend and reenact R.S. 9:3561.1(A), relative to payment of licensing fees; to change the2
method of payment for individuals seeking licenses to make consumer loan3
transactions; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 9:3561.1(A) is hereby amended and reenacted to read as follows: 6
ยง3561.1. License; examination; renewal fees; records7
A. The initial application, survey, and license fee for a license to make8
consumer loans shall be five hundred fifty dollars and shall be payable only by9
cashier's check, certified check, or money order payable in a form acceptable to the10
commissioner when the application is filed. Such application, survey, and license11
fee shall be nonrefundable. If the license is not issued for any reason, upon written12
request of the applicant, the fee shall be applied to the submission of a new13
application.14
* * *15
Section 2. This Act shall become effective upon signature by the governor or, if not16
signed by the governor, upon expiration of the time for bills to become law without signature17
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If18
vetoed by the governor and subsequently approved by the legislature, this Act shall become19
effective on the day following such approval.20 HLS 10RS-1063 ORIGINAL
HB NO. 209
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Arnold HB No. 209
Abstract: Changes the method of payment to the office of financial institutions for fees
associated with the initial application, survey, and license for a license to make
consumer loans.
Present law provides that the initial application, survey, and license fee for a license to make
consumer loans shall be payable only by cashier's check, certified check, or money order.
Proposed law changes present law to provide that payment for such fees be made in a form
acceptable to the commissioner of the office of financial institutions when the application
is filed.
(Amends R.S. 9:3561.1(A))