Louisiana 2020 Regular Session

Louisiana Senate Bill SB144 Latest Draft

Bill / Introduced Version

                            SLS 20RS-231	ORIGINAL
2020 Regular Session
SENATE BILL NO. 144
BY SENATOR JOHNS 
MOTOR VEHICLES.  Increases the documentation fee allowed to be charged between an
automobile dealer and customer. (8/1/20)
1	AN ACT
2 To amend and reenact R.S. 6:969.18(A)(2)(a), relative to the Louisiana Motor Vehicle Sales
3 Finance Act; to increase the documentation and compliance fee authorized to be
4 collected by a motor vehicle seller; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1.  R.S. 6:969.18(A)(2)(a) is hereby amended and reenacted to read to read
7 as follows:
8 ยง969.18. Documentation and compliance fees; notary fees; transfer of equity and
9	other fees; disclosure
10	A.
11	*          *          *
12	(2)(a) The seller, who may also be an extender of credit, may, in connection
13 with any retail sale, including but not limited to a retail installment transaction,
14 charge a fee for credit investigation, compliance with federal and state law,
15 preparation of the documents necessary to perfect or satisfy a lien upon the objects
16 sold, and any other functions incidental to the titling of the retail sale. The maximum
17 amount permitted to be charged shall be two hundred four hundred twenty-five
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 144
SLS 20RS-231	ORIGINAL
1 dollars.
2	*          *          *
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Xavier I. Alexander.
DIGEST
SB 144 Original 2020 Regular Session	Johns
Present law provides that a motor vehicle seller, who also may be an extender of credit, may
charge a fee for credit investigation, compliance with federal or state law, preparation of
documents, and any other functions incidental to the titling of the retail sale. Further
provides that the maximum permitted amount is $200.
Proposed law changes the maximum fee permitted to be charged pursuant to present law
from $200 to $425.
Effective August 1, 2020.
(Amends R.S. 6:969.18(A)(2)(a))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.