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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012 ENROLLED
SENATE BILL NO. 326
BY SENATORS BROOME AND DORSEY-COLOMB AND REPRESENTATI VE
WESLEY BISHOP
AN ACT1
To enact R.S. 9:3578.8(C) and (D), relative to the Louisiana Deferred Presentment and2
Small Loan Act; to provide for duties of the commissioner of the office of financial3
institutions; to provide for the compiling of certain information; to require the4
commissioner to submit a report to the Louisiana Legislature by April 1, 2014; and5
to provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 9:3578.8(C) and (D) are hereby enacted to read as follows:8
ยง3578.8. Powers of the commissioner; adoption of rules and regulations9
* * *10
C.(1) Beginning January 1, 2013, for a period of one year, the11
commissioner shall collect and compile information and data from licensees12
concerning the operation, function, and customers of deferred presentment13
transactions and small loan businesses.14
(2) The information and data collected by the commissioner from a15
licensee shall include but not be limited to the following:16
(a) The number of deferred presentment transactions and small loans17
issued quarterly.18
(b) The fees collected quarterly on deferred presentment transactions19
and small loans.20
(c) The location of the licensee's business.21
(d) The number of checks returned unpaid for any reason and the22
amount of the fee charged by the licensee for such checks.23
ACT No. 234 SB NO. 326 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
D. The commissioner shall compile and submit to the legislature, in an1
aggregate format, the information and data collected by April 1, 2014.2
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: