HLS 11RS-903 ENGROSSED
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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. 350
BY REPRESENTATIVE LOPINTO
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
CREDIT/CONSUMER: Provides relative to the applicability of the La. Consumer Credit
Law to residential mortgage loans
AN ACT1
To amend and reenact R.S. 6:1097(C), relative to the Louisiana Consumer Credit Law; to2
require written confirmation of the application of the Louisiana Consumer Credit3
Law to residential mortgage loans; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 6:1097(C) is hereby amended and reenacted to read as follows: 6
ยง1097. Residential mortgage loan fees and charges; applicability of the Louisiana7
Consumer Credit Law8
* * *9
C. Consumer loans otherwise subject to the provisions of this Chapter may10
be made contractually subject to the Louisiana Consumer Credit Law, R.S. 9:351011
et seq., by specifically stating in writing that the loan is subject to the Louisiana12
Consumer Credit Law, R.S. 9:3510 et seq.13
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)]
Lopinto HB No. 350
Abstract: Requires written confirmation of the application of the La. Consumer Credit Law
to residential mortgage loans. HLS 11RS-903 ENGROSSED
HB NO. 350
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Present law provides that consumer loans otherwise subject to the provisions of the law on
residential mortgage loans may be made contractually subject to the laws on consumer credit
by specifically stating that the loan is subject to the laws on consumer credit in present law.
Proposed law retains present law but specifies that the specific statement must be in writing.
(Amends R.S. 6:1097(C))