SLS 10RS-705 ORIGINAL
Page 1 of 1
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010
SENATE BILL NO. 224
BY SENATOR DUPLESSIS
FINANCIAL INSTITUTIONS. Repeals credit union exemptions from the Louisiana
Consumer Credit Law and Louisiana Motor Vehicle Sales Finance Act. (8/15/10)
AN ACT1
To repeal R.S. 6:969.3(5) and R.S. 9:3512(5), relative to credit union exemptions; to repeal2
credit union exemption from the Louisiana Motor Vehicle Sales Act; to repeal credit3
union exemption from the Louisiana Consumer Credit Law; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 6:969.3(5) is hereby repealed.7
Section 2. R.S. 9:3512(5) is hereby repealed.8
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Alan Miller.
DIGEST
Repeals provisions of present law that exempt credit unions from the Louisiana Motor
Vehicle Sales Act and the Louisiana Consumer Credit Law.
Effective August 15, 2010.
(Repeals R.S. 6:969.3(5) and R.S. 9:3512(5))