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CODING: Words in struck through type are deletions from existing law; words underscored
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ACT No. 96
Regular Session, 2010
HOUSE BILL NO. 547
BY REPRESENTATIVE ARNOLD
AN ACT1
To enact R.S. 9:3530(G), relative to fees charged on a consumer credit transaction; to2
authorize a federally insured depository institution to charge fees on consumer credit3
transactions; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 9:3530(G) is hereby enacted to read as follows: 6
ยง3530. Fees; origination; notary, documentation; over-the-credit-limit fee7
* * *8
G. Notwithstanding the limitations set in this Section or any other law to the9
contrary, a federally insured depository institution entering into a consumer credit10
transaction as defined in R.S. 9:3516(13) may contract for and receive the types of11
fees provided for in Subsections A, C, and D of this Section in any amount agreed12
to in a written agreement signed by the consumer. Fees charged under this13
Subsection by a federally insured depository institution shall not be considered loan14
finance charges or credit service charges under this Chapter.15
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: