RDCSB233 3405 3646
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)]
SB 233 Reengrossed 2016 Regular Session Johns
Present law provides for certain definitions and procedures for the Additional Default
Remedies Act.
Present law defines "collateral" to mean "motor vehicles" and as defined in R.S. 32:1252.
Proposed law retains present law and adds "motorcycles" to the definition of "collateral".
Present law provides who is the appropriate official for purposes of filing the "Notice of
Repossession".
Proposed law retains present law and provides that if a secured party files a "Notice of
Repossession" with the sheriff for the parish of the debtor's last known address then the
sheriff is deemed to be the appropriate official and the secured party has satisfied the
requirements of present law.
Effective August 1, 2016.
(Amends R.S. 6:965(C)(intro. para.) and (2) and 966.1(A)(3))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Judiciary A to the
original bill
1. Deletes "all-terrain vehicles" from the definition of collateral.
Senate Floor Amendments to engrossed bill
1. Makes Legislative Bureau technical amendments.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Commerce to the
reengrossed bill:
1. Make technical amendments.
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