ENROLLED
2019 Regular Session
HOUSE BILL NO. 303
BY REPRESENTATIVE COUSSAN
1 AN ACT
2 To amend and reenact R.S. 51:703(D)(5)(b) and to enact R.S. 6:121.2(F), relative to the
3 Office of Financial Institutions obtaining information for criminal background
4 checks; to provide for the application of the commissioner's authority; to provide for
5 the procedure to submit fingerprints; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 6:121.2(F) is hereby enacted to read as follows:
8 §121.2. Authority to obtain criminal history record information
9 * * *
10 F. The authority set forth in this Section applies to all persons seeking
11 licensure, registration, or approval by the commissioner to operate as any of the
12 following:
13 (1) A state bank pursuant to R.S. 6:201 et seq.
14 (2) A trust company pursuant to R.S. 6:571 et seq.
15 (3) A credit union pursuant to R.S. 6:641 et seq.
16 (4) A savings and loan association pursuant to R.S. 6:702 et seq.
17 (5) A currency exchange service or check-casher pursuant to R.S. 6:1001 et
18 seq.
19 (6) A sale of checks or money transmission business pursuant to R.S. 6:1031
20 et seq.
21 (7) A mortgage broker, mortgage lender, mortgage servicer, or mortgage
22 loan originator pursuant to 6:1081 et seq.
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1 (8) A savings bank pursuant to R.S. 6:1161 et seq.
2 (9) A licensed lender pursuant to R.S. 9:3510 et seq.
3 (10) A loan broker pursuant to R.S. 9:3572.1 et seq.
4 (11) A pawnbroker pursuant to R.S. 37:1781 et seq.
5 (12) A salesman or investment adviser representative pursuant to R.S.
6 51:701 et seq.
7 (13) A Louisiana capital company pursuant to R.S. 51:1925 et seq.
8 (14) A Louisiana business and industrial development company pursuant to
9 R.S. 51:2392 et seq.
10 (15) A bond for deed escrow agent pursuant to R.S. 6:414 and LAC
11 10:XV.901 et seq.
12 (16) A repossession agency and repossession agent pursuant to R.S. 6:965
13 et seq. and LAC 10:XV.1301 et seq.
14 Section 2. R.S. 51:703(D)(5)(b) is hereby amended and reenacted to read as follows:
15 §703. Registration of dealers, salesmen, and investment advisers and adviser
16 representatives; surety bonds; records; disclosures
17 * * *
18 D.
19 * * *
20 (5)
21 * * *
22 (b) As directed by the commissioner, each applicant for registration as an
23 investment adviser representative shall submit fingerprints for a criminal background
24 check. The fingerprints may be submitted through any licensing system authorized
25 by the commissioner pursuant to the provisions of R.S. 6:121.8.
26 * * *
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1 Section 3. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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