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Regular Session, 2013 ENROLLED
SENATE RESOLUTION NO. 194
BY SENATOR DORSEY-COLOMB
A RESOLUTION
To urge and request the Senate Committee on Commerce, Consumer Protection, and
International Affairs to study the conditions in the Louisiana energy efficiency
improvement or renewable energy improvement market and address the issues and
concerns relative to protecting Louisiana citizens.
WHEREAS, the sales and leasing of solar panels for energy efficiency improvements
or renewable energy improvements have become common practice; and
WHEREAS, sales and lending may become an increasing problem in Louisiana,
exacerbating the loss of equity in homes and causing foreclosures; and
WHEREAS, the financing of points and fees in these loans provides immediate
income to the originators and encourages lenders to repeatedly refinance home loans; and
WHEREAS, financially strapped homeowners who are trying to stave off
foreclosures, consolidate bills, pay for home improvements, or rebuild may be targeted by
predatory lenders; and
WHEREAS, the Louisiana Legislature recognizes the need to carefully balance the
goal of protecting the unknowing consumer from predatory practices with the goal of
extending affordable energy efficiency improvements or renewable energy improvements
as widely as possible to the citizens of Louisiana; and
WHEREAS, an in-depth study of predatory practices in the energy efficiency
improvement or renewable energy improvement finance market is in the best interest of the
citizens of the state in order to protect their homes, which are the most important and
expensive financial investments that most will make.
THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana
does hereby urge and request the Senate Committee on Commerce, Consumer Protection,
and International Affairs to study the conditions in the Louisiana energy efficiency SR NO. 194 ENROLLED
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improvement or renewable energy improvement market and address the issues and concerns
relative to protecting Louisiana citizens.
BE IT FURTHER RESOLVED that the committee submit a written report of its
findings, together with any proposed legislation, to the Senate not later than February 1,
2014.
PRESIDENT OF THE SENATE