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 Engrossed 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))