ENROLLED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 10
Regular Session, 2011
HOUSE BILL NO. 144
BY REPRESENTATIVE ARNOLD AND SENATOR THOMPSON
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
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; to4
provide for a limitation on the use of such systems; and to provide for related5
matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 6:121.8 is hereby enacted to read as follows: 8
ยง121.8. Licensing Systems9
A. Notwithstanding any other law to the contrary, the commissioner shall10
have the authority to take all action regarding the utilization of an electronic database11
licensing system or systems with respect to any person subject to licensure by him,12
in his discretion as he deems necessary and appropriate, including but not limited to13
those contained within the Louisiana S.A.F.E. Residential Mortgage Lending Act,14
R.S. 6:1081, et seq.; provided, however, that any action taken pursuant to this15
Section shall not authorize the creation of an online system which shall be utilized16
to restrict or limit the authority of licensees to offer loans which are statutorily17
authorized.18 ENROLLEDHB NO. 144
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B. For the purposes of this Section, the term "licensure" shall mean1
licensing, registration, regulation, and notification of all persons by the2
commissioner, except financial institutions as defined in R.S. 6:2(8).3
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: