HLS 15RS-1076 ORIGINAL
2015 Regular Session
HOUSE BILL NO. 318
BY REPRESENTATIVE PONTI
FINANCIAL INSTITUTIONS: Provides relative to licensing fees for pawnbrokers
1 AN ACT
2To amend and reenact R.S. 37:1786(B) and (C), relative to licensing fees applicable to
3 pawnbrokers; to reclassify and to increase initial licensing fees applicable to
4 pawnbrokers; to eliminate initial application fees applicable to pawnbrokers; to
5 reclassify application fees applicable to pawnbrokers when applying for additional
6 licenses; to eliminate licensing fees applicable to pawnbrokers when applying for
7 additional licenses; to increase annual renewal fees; and to provide for related
8 matters.
9Be it enacted by the Legislature of Louisiana:
10 Section 1. R.S. 37:1786(B) and (C) are hereby amended and reenacted to read as
11follows:
12 ยง1786. Application, fees, bond
13 * * *
14 B. If the applicant does not possess a pawnshop license, the application shall
15 be accompanied by a license fee of one thousand seven hundred fifty dollars to be
16 paid to the commissioner, seven hundred dollars of which shall be the license fee and
17 three hundred dollars of which shall be an application fee. If the applicant possesses
18 at least one valid unsuspended pawnshop license, and is applying for an additional
19 license to operate at another location, the application shall be accompanied by a fee
20 of five hundred dollars, four hundred dollars of which shall be the license fee and
21 one hundred dollars of which shall be an application fee. Upon denying an
22 application the commissioner shall immediately return to the applicant the license
23 fee.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 15RS-1076 ORIGINAL
HB NO. 318
1 C. Every licensee, on or before December thirty-first of every year, shall pay
2 to the commissioner three four hundred fifty dollars for each license as the annual
3 fee for the succeeding year. If the annual fee is not received by the commissioner
4 on or before December thirty-first, the licensee shall be assessed an additional one
5 hundred fifty dollars as a late payment penalty. If the annual license fee and late
6 payment penalty are not received by the commissioner before March first of the
7 following year, the license shall expire.
8 * * *
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 318 Original 2015 Regular Session Ponti
Abstract: Reclassifies and modifies application and licensing fees and increases annual
renewal fees applicable to pawnbrokers.
Present law requires a pawnbroker who does not possess a pawnshop license to pay a fee
totaling $1,000, that includes $700 to be classified as a licensing fee and $300 to be
classified as an application fee. Proposed law requires a pawnbroker who does not possess
a pawnshop license to pay a fee totaling $750, that is classified only as a licensing fee to be
included with the submitted application. Present law requires a pawnbroker who possesses
at least one valid unsuspended pawnshop license and is applying for an additional license
to operate another location to pay a fee of $500, $400 of which is classified as a licensing
fee and $100 of which is classified as an application fee. Proposed law requires a
pawnbroker who possesses at least one valid unsuspended pawnshop license and is applying
for an additional license to operate another location to pay a fee of $500 to be included with
the submitted application. Present law requires the commissioner of the Office of Financial
Institutions to immediately return licensing fees to the applicant upon the denial of any
application. Proposed law causes the fees imposed by proposed law to be nonrefundable by
removing the requirement that the commissioner return to the applicant all licensing fees
upon denial.
Present law requires licensed pawnbrokers to pay an annual renewal fee of $300 for each
license possessed. Proposed law increases the annual renewal fee for each pawnshop license
possessed to $450. Present law requires that the annual license fee and any applicable late
payment penalties be received by the commissioner before March 1
st
of each year or the
license expires. Proposed law requires that any annual fees and late payment penalties must
be received by the commissioner before March 1
st
of each year or the license expires.
Strikes the classification of the fees as "license" fees.
(Amends R.S. 37:1786(B) and (C))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.