HLS 14RS-898 ORIGINAL
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Regular Session, 2014
HOUSE BILL NO. 183
BY REPRESENTATIVE HARRIS
MOTOR VEHICLES: Provides relative to the Louisiana Motor Vehicle Sales Finance Act
AN ACT1
To amend and reenact R.S. 6:969.18(A)(2) and to repeal R.S. 6:969.18(G), relative to the2
Louisiana Motor Vehicle Sales Finance Act; to increase the documentation and3
compliance fee authorized to be collected by a motor vehicle seller, who may be an4
extender of credit, for certain transactions; to provide for an effective date; and to5
provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 6:969.18(A)(2) is hereby amended and reenacted to read as follows:8
ยง969.18. Documentation and compliance fees; notary fees; transfer of equity and9
other fees; disclosure10
A.11
* * *12
(2)(a) The seller, who may also be an extender of credit, may, in connection13
with any retail sale, including but not limited to a retail installment transaction,14
charge a fee for credit investigation, compliance with federal and state law,15
preparation of the documents necessary to perfect or satisfy a lien upon the objects16
sold, and any other functions incidental to the titling of the retail sale. The maximum17
amount permitted to be charged shall be one two hundred dollars.18
(b) When a seller, who may also be an extender of credit, charges a fee19
pursuant to this Paragraph, a written disclosure shall be provided to the consumer20 HLS 14RS-898 ORIGINAL
HB NO. 183
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stating the amount of the fee collected pursuant to this Paragraph, along with the1
following statements in conspicuous type: "This fee is authorized by R.S.2
6:969.18(A)(2). It is not a mandatory state fee. The seller, who may also be an3
extender of credit, may charge the fee for credit investigation, compliance with4
federal and state law, preparation of the documents necessary to perfect or satisfy a5
lien upon the objects sold, and any other functions incidental to the titling of the6
retail sale." The disclosure shall be printed on the bill of sale, buyer's order, or sales7
contract which is signed by the buyer and retained by the buyer and seller.8
* * *9
Section 2. R.S. 6:969.18(G) is hereby repealed.10
Section 3. This Act shall become effective upon signature by the governor or, if not11
signed by the governor, upon expiration of the time for bills to become law without signature12
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If13
vetoed by the governor and subsequently approved by the legislature, this Act shall become14
effective on the day following such approval.15
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)]
Harris HB No. 183
Abstract: Increases the amount that a motor vehicle seller, who also may be an extender
of credit, may charge for credit investigation, compliance with federal or state law,
preparation of documents, and any other functions incidental to the titling of the
retail sale from $100 to $200.
Present law provides that a motor vehicle seller, who also may be an extender of credit, may
charge a fee for credit investigation, compliance with federal or state law, preparation of
documents, and any other functions incidental to the titling of the retail sale. Further
provides that the maximum permitted amount is $100.
Proposed law changes the maximum fee permitted to be charged pursuant to present law
from $100 to $200.
Present law requires the seller, who may also be an extender of credit, to provide written
disclosure to the consumer of the amount of the fee collected as authorized by present law
along with the following statements in conspicuous type: "This fee is authorized by R.S.
6:969.18(A)(2). It is not a mandatory state fee. The seller, who may also be an extender of
credit, may charge the fee for credit investigation, compliance with federal and state law, HLS 14RS-898 ORIGINAL
HB NO. 183
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preparation of the documents necessary to perfect or satisfy a lien upon the objects sold, and
any other functions incidental to the titling of the retail sale."
Proposed law retains present law and makes technical changes.
Present law further requires the disclosure to be printed on the bill of sale, buyer's order, or
sales contract which is signed by the buyer and retained by the buyer and seller.
Proposed law retains present law and makes technical changes.
(Amends R.S. 6:969.18(A)(2); Repeals R.S. 6:969.18(G))