ENROLLED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2014 HOUSE BILL NO. 539 BY REPRESENTATIVE STOKES AN ACT1 To amend and reenact R.S. 6:966.1(A)(introductory paragraph), (B), and (C), relative to2 default remedies; to amend the time delay for submission of a notice of repossession;3 to provide for the methods of submission of the notice; to provide for proof of the4 notice; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 6:966.1(A)(introductory paragraph), (B), and (C) and are hereby7 amended and reenacted to read as follows: 8 ยง966.1. Notice of repossession; contents; fees9 A. Within three business days of taking possession of collateral, a secured10 party who utilizes the additional default remedies provided by this Chapter to obtain11 possession of collateral shall file deliver in person or send by mail a "Notice of12 Repossession" with to the recorder of mortgages in the parish where the collateral13 was located and with to the appropriate official for filing purposes. The "Notice of14 Repossession" shall contain the debtor's name, last known address, date of birth, and15 a description of the collateral repossessed. If the "Notice of Repossession" is sent16 by mail, the timeliness of the mailing shall be shown only by an official United17 States postmark or by official receipt or certificate from the United States Postal18 Service or private delivery service. For purposes of this Section, the appropriate19 official shall be:20 * * *21 B. Within three business days of taking possession of collateral, The the22 secured party shall deliver in person or send by mail a pay payment of seventy-five23 dollars to the recorder of mortgages and two hundred fifty dollars to the appropriate24 official for each "Notice of Repossession" filed. If the payment is sent by mail, the25 ENROLLEDHB NO. 539 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. timeliness of the mailing shall be shown only by an official United States postmark1 or by official receipt or certificate from the United States Postal Service or private2 delivery service.3 C. If the sheriff is the appropriate official in the parish of Orleans, then there4 shall be no fee paid to the sheriff; however, the "Notice of Repossession" shall still5 be filed with the sheriff pursuant to the requirement set forth in Subsection A of this6 Section.7 * * *8 SPEAKER OF THE HOUSE OF REPRESENTATI VES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED: