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 789 Original 2022 Regular Session Willard
Abstract: Creates a private educational lender registry.
Proposed law defines "commissioner", "private education lender", and "provider of postsecondary
education".
Proposed law requires all private education lenders in the state to register with the commissioner and
provide certain information and documentation relative to the private education loans handled by the
lender.
Proposed law requires the commissioner of the Office of Financial Institutions to use the information
collected to create a public website compiling certain information regarding private lenders in the
state and documentation of this information.
Proposed law requires the commissioner to create the website within one year of enactment of
proposed law.
Proposed law provides penalties for violations of proposed law and specifies that each violation is
a separate offense.
Proposed law requires the commissioner to make rules to carry out proposed law.
(Adds R.S. 6:1401-1404)