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 354 Engrossed 2015 Regular Session Ponti
Abstract: Increases the license application fees and the license renewal fees applicable to mortgage
lenders, mortgage brokers, mortgage servicers, and mortgage originators.
Present law requires mortgage lenders, mortgage brokers, mortgage servicers, mortgage originators,
or any combination of any of those to pay license application fees to the commissioner of financial
institutions. Proposed law requires mortgage lenders, mortgage brokers, mortgage servicers,
mortgage originators, or any combination of any of those to pay license application fees as directed
by the commissioner.
Present law requires mortgage lenders, mortgage brokers, mortgage servicers, or combination of any
of those to pay a license application fee in the amount of $400.00. Proposed law increases the
amount of the application fee to $500.00.
Present law requires mortgage originators to pay a license application fee in the amount of $100.00.
Proposed law increases the amount of the application fee to $200.00.
Present law requires mortgage lenders, mortgage brokers, and mortgage servicers to pay an annual
license renewal fee in an amount not to exceed $300.00. Proposed law increases the annual license
renewal fee maximum to $400.00.
Present law requires mortgage originators to pay an annual license renewal fee in an amount not to
exceed $100.00. Proposed law increases the annual license renewal fee maximum to $200.00.
(Amends R.S. 6:1088.2(A))