HLS 11RS-398 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2011
HOUSE BILL NO. 144
BY REPRESENTATIVE ARNOLD
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FINANCIAL INSTNS OFFICE: Provides relative to the Office of Financial Institutions
AN ACT1
To enact R.S. 6:121.8, relative to the Office of Financial Institutions; to provide for the use2
of electronic systems for data subject to regulation by the Office of Financial3
Institutions; to provide for definitions; to authorize the use of such systems; and to4
provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 6:121.8 is hereby enacted to read as follows: 7
ยง6:121.8. Licensing Systems8
A. Notwithstanding any other law to the contrary, the commissioner shall9
have the authority to take all action regarding the utilization of an electronic database10
licensing system or systems with respect to any person subject to licensure by him,11
in his discretion as he deems necessary and appropriate, including but not limited to12
those contained within the Louisiana S.A.F.E. Residential Mortgage Lending Act,13
R.S. 6:1081, et seq.14
B. For the purposes of this Section, the term "licensure" shall mean15
licensing, registration, regulation, and notification.16 HLS 11RS-398 ORIGINAL
HB NO. 144
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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. 144
Abstract: Vests the commissioner of financial institutions with the authority to take any
necessary and appropriate action regarding the utilization of an electronic database
licensing system.
Proposed law authorizes the commissioner to take any action that he deems necessary and
appropriate regarding the utilization of an electronic database licensing system or systems,
with respect to persons subject to licensure by him.
Proposed law shall extend but will not be limited to persons who are covered by the La.
S.A.F.E. Residential Mortgage Lending Act, R.S. 6:1081, et seq.
(Adds R.S. 6:121.8)