HLS 15RS-1072 ORIGINAL
2015 Regular Session
HOUSE BILL NO. 315
BY REPRESENTATIVE PONTI
FINANCIAL INSTITUTIONS: Provides relative to licensing fees for check-cashers
1 AN ACT
2To amend and reenact R.S. 6:1004.1(A) and (B)(1), relative to licensing fees for check-
3 cashers; to increase the license application fee for check-cashers; to increase the
4 annual license renewal fee for check-cashers; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 6:1004.1(A) and (B)(1) are hereby amended and reenacted to read
7as follows:
8 ยง1004.1. License fees; online renewal
9 A. The applicant shall pay to the commissioner a nonrefundable application
10 fee of three four hundred fifty dollars with the initial application, plus an additional
11 fee of fifty dollars for each currency exchange location in this state, not to exceed
12 three thousand dollars.
13 B.(1) The licensee shall pay an annual license renewal fee on or before the
14 first day of December of each year for a license to engage in currency exchange
15 during the following calendar year of two three hundred fifty dollars, plus an
16 additional fee of fifty dollars for each currency exchange location in this state, not
17 to exceed three thousand dollars.
18 * * *
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 15RS-1072 ORIGINAL
HB NO. 315
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)]
HB 315 Original 2015 Regular Session Ponti
Abstract: Increases the license application fees and the license renewal fees applicable to
check-cashers.
Present law requires "check-cashers", as defined in R.S. 6:1002, to pay a nonrefundable
license application fee of $350 with the initial application. Proposed law increases the
nonrefundable license application fee to $450.
Present law requires licensed check-cashers to pay an annual license renewal fee of $250.
Proposed law increases the annual license renewal fee to $350.
(Amends R.S. 6:1004.1(A) and (B)(1))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.