HLS 10RS-912 ORIGINAL
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Regular Session, 2010
HOUSE BILL NO. 345
BY REPRESENTATIVE ARNOLD
BANKS/BANKING: Provides for changes to the Additional Default Remedies Act
AN ACT1
To repeal R.S. 6:965(D), relative to the Additional Default Remedies Act.2
Be it enacted by the Legislature of Louisiana:3
Section 1. R.S. 6:965(D) is hereby repealed in its entirety.4
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. 345
Abstract: Removes a notice required in security agreements of motor vehicles.
Present law provides that when a secured party seeks to utilize the Additional Default
Remedies Act, the security agreement of a motor vehicle shall include: "Louisiana law
permits repossession of motor vehicles without judicial process".
Proposed law repeals present law.
(Repeals R.S. 6:965(D))