2011 Louisiana Laws
Revised Statutes
TITLE 51 — Trade and commerce
RS 51:2317 — Application fees and origination fees
§2317. Application fees and origination fees
A. The corporation may charge application fees and other fees as necessary to cover costs associated with administering its programs in a manner consistent with the financial and economic benefits and risks of the programs to the state. Adoption of such charges shall be published in the Louisiana Register in conformance with the provisions of the Administrative Procedure Act.
B. The fees authorized by this Section shall not exceed the following amounts for the programs listed below:
(1) Small business loan program:
(a) Application fee
$100.00
(b) Guaranty fee
4 percent of the guaranty amount
(2) Micro loan program:
(a) Application fee
$100.00
(b) Guaranty fee
4 percent of the guaranty amount
(3) Contract loan program:
(a) Application fee
$ 100.00
(b) Guaranty fee
4 percent of the guaranty amount
(4) Small business bonding assistance program:
(a) Application fee
$ 100.00
(b) Guaranty fee
2 percent of the guaranty amount
Acts 1992, No. 1136, §1, eff. Jan. 1, 1994; Acts 1997, No. 827, §1.
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