ENROLLED
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ACT No. 36
Regular Session, 2014
HOUSE BILL NO. 183
BY REPRESENTATIVE HARRIS
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 relative to the requirement of5
disclosure of the documentation and compliance fee; to provide for an effective date;6
and to provide for related matters.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 6:969.18(A)(2) is hereby amended and reenacted to read as follows:9
ยง969.18. Documentation and compliance fees; notary fees; transfer of equity and10
other fees; disclosure11
A.12
* * *13
(2)(a) The seller, who may also be an extender of credit, may, in connection14
with any retail sale, including but not limited to a retail installment transaction,15
charge a fee for credit investigation, compliance with federal and state law,16
preparation of the documents necessary to perfect or satisfy a lien upon the objects17
sold, and any other functions incidental to the titling of the retail sale. The maximum18
amount permitted to be charged shall be one two hundred dollars.19
(b) When a seller, who may also be an extender of credit, charges a fee20
pursuant to this Paragraph, a written disclosure shall be provided to the consumer21
stating the amount of the fee collected pursuant to this Paragraph, along with the22
following statements in conspicuous type: "This fee is authorized by R.S.23
6:969.18(A)(2). It is not a mandatory state fee. The seller, who may also be an24 ENROLLEDHB NO. 183
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
extender of credit, may charge the fee for credit investigation, compliance with1
federal and state law, preparation of the documents necessary to perfect or satisfy a2
lien upon the objects sold, and any other functions incidental to the titling of the3
retail sale." The disclosure shall be printed on the bill of sale, buyer's order, or sales4
contract which is signed by the buyer and retained by the buyer and seller.5
* * *6
Section 2. R.S. 6:969.18(G) is hereby repealed in its entirety.7
Section 3. This Act shall become effective upon signature by the governor or, if not8
signed by the governor, upon expiration of the time for bills to become law without signature9
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If10
vetoed by the governor and subsequently approved by the legislature, this Act shall become11
effective on the day following such approval.12
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: