2021 Louisiana Laws
Revised Statutes
Title 6 - Banks and Banking
- §1. Short title
- §2. General definitions
- §3. Effect on existing banks
- §4. Employment reference; release of certain information
- §5. Public policy
CHAPTER 2. OFFICE OF FINANCIAL INSTITUTIONS
- §101. Establishment of office; commissioner
- §102. Officers and employees; post-employment restriction
- §103. Records of the Office of Financial Institutions
PART II. POWERS AND DUTIES OF THE COMMISSIONER
- §121. Regulatory powers; promulgation of rules and regulations
- §121.1. Enforcement powers of commissioner
- §121.1.1. Restrictions on enforcement power; cannabis-related legitimate businesses and service providers; egregious violations
- §121.2. Authority to obtain criminal history record information
- §121.3. Guidance by commissioner; advisory opinions
- §121.4. Addition of directors and executive officers of troubled state- chartered institutions and holding companies
- §121.5. Application containing false information or misrepresentations
- §121.6. Authority of the commissioner; nondepository institutions; emergencies
- §121.7. Return of payment; imposition of fee
- §121.8. Licensing systems
- §122. Power to issue cease and desist orders
- §123. Visitation and examination of state financial institutions
- §124. Call reports; statement of financial condition
- §124.1. Community reinvestment rating; acceptance of public funds
- §125. Reports of financial condition
- §126. Assessments on financial institutions; disposition of fees; creation of special fund
- §127. Retention of records of financial institutions; microfilm
- §128. Financial institutions' holidays; regulations
- §129. Circulating rumor respecting condition of financial institution
- §130. Relocation of main office
PART III. DECISIONS AND REVIEW
- §131. Applicability
- §132. Written decision; reasons; hearing
- §133. Reconsideration of decision
- §134. Judicial review; venue; effect
- §135. Record filed with court
- §136. Basis for judicial review
- §137. Judicial review; test; burden
- §138. Remand to the commissioner
CHAPTER 3. STATE BANKS
PART II. ORGANIZATION OF STATE BANKS
- §211. Incorporation; number of incorporators, application for certificate of authority, filing fee; organization as a limited liability company
- §212. Corporate name
- §213. Articles of incorporation, filing, form, content; letter of acceptance for filing
- §214. Investigation into proposed state bank
- §215. Capital requirements; additional condition precedent
- §216. Certificate of authority; issuance, refusal
- §217. Effect of issuance of certificate of authority, filing requirements
- §218. Expenses of organization and financing
- §219. Bylaws
- §220. Stockholders' agreements
PART III. AMENDMENT AND RESTATEMENT OF ARTICLES
- §231. Method of amending articles generally
- §232. Articles of amendment; contents and filing
- §233. Restatement of articles
- §234. Special amendment provisions
- §721. Method of amending articles generally
- §722. §§722 to 730 Repealed by Acts 1970, No. 234, §2.
PART IV. POWERS AND FUNCTIONS OF STATE BANKS
- §241. General corporate powers
- §242. Banking powers
- §243. Immovable property; dealings
- §244. Transfers by bank and other acts in contemplation of insolvency
- §245. Changes in core business
- §246. Bank operating subsidiaries
PART V. SHARES
- §251. Classes of shares; fractional shares
- §252. Issuance of shares; consideration
- §253. Reservation of shares
- §254. Convertible securities and stock-purchase rights
- §255. Certificates of stock
- §256. Transfer of shares
- §257. Restriction on transfer of shares and other securities
PART VI. CAPITAL, SURPLUS, DIVIDENDS
- §261. Accounting procedures
- §262. Impairment of capital; special meeting; notice to restore capital; assessments against stockholders; voluntary restoration
- §263. Dividends; stock purchased or redeemed; capital surplus required
PART VII. STOCKHOLDERS
- §271. Stockholders' preemptive rights
- §272. Stockholders' meetings
- §273. Quorum
- §274. Voting of stockholders
- §275. Consent of stockholders
- §276. Fixing record date
- §277. Voting trusts
- §278. Registered holder of shares
- §279. Inspection of books and records of state banks; annual report to stockholders
PART VIII. DIRECTORS, OFFICERS, AND EMPLOYEES
- §281. Board of directors; powers, number, term
- §282. Board of directors; eligibility, election, oath
- §283. Meetings of the board; quorum, written consent
- §284. Committees of the board of directors
- §284.1. Compliance review committees; privilege created
- §285. Officers and agents; election, powers, duties
- §286. Indemnification of officers, directors, employees, and agents
- §287. Bond of officers and employees; insurance fund
- §288. Interested directors; quorum
- §289. Loans to executive officers and employees
- §290. Directors' examinations
PART IX. LIABILITY OF DIRECTORS, OFFICERS, STOCKHOLDERS, AND SUBSCRIBERS
- §291. Relation and liability of directors and officers to bank and bank holding company stockholders
- §292. Directors or stockholders not participating in unlawful act
- §293. Actions against directors and officers of banks and bank holding companies
PART X. RESERVES
- §301. Cash reserves
- §302. Depleted reserve; notice, penalty
- §303. Sale and purchase of excess reserves; reports
PART XI. DEPOSITS
- §311. Types of accounts authorized to offer
- §311.1. Powers of attorney, procuration, and mandate; written notice of revocation
- §312. Alternative deposits; payment
- §313. Withdrawal of money or property deposited by or for minors
- §314. Trust deposits; death of depositor; payment
- §315. Adverse claims to deposit; procedure, indemnifying bond
- §315.1. Transfer of small deposits; death of depositor; affidavits required; penalties
- §316. Pledge of deposit accounts; rights and remedies
- §317. Ownership of deposited funds
- §318. Letters of credit; use by banks
- §319. Public funds deposits
PART XII. SAFE DEPOSIT AND SAFEKEEPING
- §321. Access to safety deposit box leased by multiple persons
- §322. Access to safety deposit box leased by corporation or unincorporated association
- §323. Access to safety deposit box leased by trust estate
- §324. Access to safety deposit box leased by a person or persons with designated agent or deputy
- §325. Death of a customer and access and transfer of contents of safety deposit boxes, money, and other property by bank to succession representatives, legatees, or heirs; authority
- §326. Transfer of contents of safety deposit boxes, money and other property by bank to legal representatives of minors or interdicts; authority
- §327. Abandonment of safety deposit box
- §327.1. Disposition of abandoned safety deposit box contents
- §328. Access to safety deposit boxes by authorized persons; security procedures
PART XIII. MISCELLANEOUS PROVISIONS
- §331. REPEALED BY ACTS 1993, NO. 278, §1, EFF. JAN. 1, 1994.
- §332. Attorney fiduciary accounts; overdraft notification to office of disciplinary counsel
- §333. Disclosure of financial records; reimbursement of costs
- §334. Foreclosure of mortgage
- §335. Sharing of electronic financial terminals
- §336. Legal and regulatory compliance; self-evaluations; privilege of results
- §337. Duty of secured party upon payment of insurance claim for damage to mortgaged residential property
- §338. Insurance settlement proceeds; return of excess funds; enforcement
SUB
CHAPTER B. MERGERS, CONSOLIDATIONS,
- §351. Authorization for mergers, consolidations, and share exchanges
- §352. Merger or consolidation procedure
- §352.1. Share exchange procedure
- §353. Consolidation; articles of incorporation
- §354. When merger or consolidation effective
- §355. Effect of merger or consolidation
PART II. CONVERSIONS
- §361. National bank converting into state bank
- §362. State bank converting into national bank
- §363. Continuation of corporate entity; use of old name
- §364. State bank converting into state stock savings and loan association
- §364.1. Approval of conversion; effective date of conversion
- §364.2. Effect of conversion from state bank into state stock savings and loan association
- §365. Federal or state stock savings and loan association converting into a state-chartered bank or savings bank
- §365.1. Merger or conversion of an existing financial institution
PART III. TRANSFER OF ASSETS
PART IV. VOLUNTARY DISSOLUTIONS
- §371. Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner
- §372. Liquidation procedure
PART V. RIGHTS OF DISSENTING STOCKHOLDERS
SUB
CHAPTER C. CONSERVATORSHIPS, RECEIVERSHIPS,
- §381. Definitions
- §382. Authority of commissioner to take possession and commence conservatorship of state bank
- §383. Transfer of title to bank assets; extension of prescriptive periods
- §384. Notice of conservatorship; effect
- §385. Conservator's power to manage and control bank
- §386. Objection to conservatorship
- §387. Decision to liquidate bank or terminate conservatorship
PART II. INVOLUNTARY LIQUIDATION PROCEDURE
- §391. Commencement of receivership; confirmation of receiver
- §392. Emergency sale of assets; purchase and assumption of assets
- §393. Notice to creditors and depositors
- §394. Payment of claims
- §394.1. Right of set-off
- §395. Distribution of assets
- §396. Termination of executory contracts
- §397. Subrogation to rights of bank depositors
- §398. Liquidation procedures involving trust assets
- §399. Destruction of records
- §400. Discharge of receiver
- §401. Exclusive procedures
CHAPTER 4. PROHIBITED PRACTICES; SANCTIONS
- §411. Engaging in business of banking without authority; penalty
- §412. Unauthorized use of the word "bank" or similar words
- §412.1. Soliciting using lender's name or customer loan information; restrictions; injunction; damages; attorney fees; enforcement
- §413. Prohibited use of the term "insured savings"
- §414. Use of certain terms by persons other than financial institutions prohibited
- §414.1. Derogatory statements regarding financial condition of financial institution prohibited; penalty
- §415. Loans; other credit exposure; derivative transactions; restrictions; penalties
- §416. Loan on pledge of own stock and pledge of own stock prohibited
- §417. Unlawful solicitation or acceptance of gratuity or compensation by officer, director, or employee
- §418. Pledge of assets to secure deposits; exceptions; penalty
- §419. Receipt of deposits while insolvent
- §420. False entries or reports; failure to exhibit books; reporting of criminal violations
- §421. Overdrafts
- §422. Excessive borrowings or repurchase agreements
- §423. Check-cashing facility; location of business limited
CHAPTER 5. MISCELLANEOUS FINANCIAL INSTITUTIONS
- §452. Loan production offices; power of commissioner to adopt rules and regulations
- §453. Deposit production offices; power of commissioner to adopt rules and regulations
- §454. Combination of loan production office, deposit production office, and electronic financial terminal
CHAPTER 6. BANK STRUCTURE
- §501. Branch offices; authority
- §502. Repealed by Acts 1988, No. 39, §2, eff. June 10, 1988.
- §503. Repealed by Acts 1988, No. 39, §2, eff. June 10, 1988.
- §504. Branches in foreign countries
- §505. Repealed by Acts 1988, No. 39, §2, eff. June 10, 1988.
- §506. Certificate of authority for branch office
- §507. Closure of branch office
PART II. BANK HOLDING COMPANIES
- §511. Declaration of policy
- §512. Definitions
- §513. Prohibitions
- §514. Penalties
- §515. Administration
- §516. Savings clause
- §517. Minority stockholders' rights
PART III. NONBANK BANKS
PART IV. INTERSTATE BANKING
- §531. Declaration of policy
- §532. Definitions
- §533. Scope of Part
- §534. Law applicable to interstate bank branches; purpose
- §535. Interstate acquisitions; filings with commissioner
- §536. Interstate bank acquisitions; filings with commissioner
- §537. Emergency acquisitions
- §537.1. Parity provision
- §538. Five-year continuous operation requirement
- §539. Agency activities; prohibitions
- §540. Authority to issue regulations; cooperative agreements; fees; enforcement
- §540.1. Savings clause
- §540.2. Construction with other laws
PART V. FINANCIAL SERVICE CENTER BANKS
- §541. Declaration of policy
- §542. Definitions
- §543. Limited exception to bank holding company acts
- §544. Organization of financial service center banks
- §545. Powers and functions
- §546. Additional powers; rate export
- §547. Additional requirements
- §548. Interest rate parity; open-end credit
CHAPTER 7. INTERNATIONAL BANKING ACTIVITIES
- §551.1. Definitions
- §551.2. Foreign banking activities; authorized
- §551.3. Subsidiary bank; authorization
- §551.4. Edge Act or agreement corporation; authorization
- §551.5. Location; limitation
- §551.6. Filing requirements
- §551.7. Requirements to operate; fees
- §551.8. Application required; contents
- §551.9. Approval or disapproval of application
- §551.10. Certificate of authority; transfer prohibited; display required
- §551.11. Renewal
- §551.12. Revocation and surrender
- §551.13. State agency; authorized actions
- §551.14. State representative office; authorization; permitted activities
- §551.15. State administrative office; authorization; permitted activities
- §551.16. Branch banks and agencies
- §551.17. State international banking facilities
- §551.18. Purchase of real estate
- §551.19. Paid-in capital; surplus; undivided profits
- §551.20. Capital requirements
- §551.21. Purchase of credit instruments
- §551.22. Annual report and periodic reporting requirements
- §551.23. Termination
- §551.24. Rules and regulations
- §551.25. Examination authority
- §551.26. Asset pledge requirements
CHAPTER 7-A. LOUISIANA TRUST COMPANY LAW
- §571. General authority
- §572. Definitions
- §573. Organization
- §574. Capital
- §575. Powers
- §576. New application, supervision, regulation, and examination of trust bank
- §577. Trust companies chartered under prior law
- §578. Affiliates
- §579. Self-dealing
- §580. Insurance coverage
- §581. Capital notes or debentures
PART II. PRIVATE TRUST COMPANIES
- §591. Private trust company
- §592. Requirements to apply for and maintain status as a private trust company
- §593. Conversion to public trust company
PART III. ACQUISITION AND OWNERSHIP OF TRUST COMPANY FACILITIES AND OTHER REAL ESTATE
PART IV. TRUST COMPANY INVESTMENTS
- §611. Securities
- §612. Transactions in trust company shares or participation shares
- §613. Subsidiaries
- §614. Mutual funds
- §615. Engaging in commerce prohibited
PART V. TRUST DEPOSITS LIABILITIES AND PLEDGE OF ASSETS
- §621. Borrowing limit
- §622. Pledge of assets
- §623. Fiduciary responsibility
- §624. Reports of apparent crime
- §625. Out-of-state activities
- §626. Out-of-state trust companies
- §627. Interstate supervision and regulation
CHAPTER 8. CREDIT UNIONS
- §641. Organization; act of incorporation
- §641.1. Public policy
- §641.2. REPEALED BY ACTS 1989, No. 495, §6.
- §642. Amendments of act of incorporation; commissioner's approval
- §643. Restriction of the use of term credit union
- §644. Powers
- §645. Membership
- §646. Supervision by commissioner; suspension or revocation of charter; liquidation; reports; examination fees
- §646.1. Involuntary dissolution; distribution of assets
- §647. Fiscal year; meetings; regulations as to voting
- §648. Elections; oath of office
- §649. Directors; officers; compensation
- §649.1. Relation and liability of directors and officers to a credit union and its members
- §649.2. Actions against directors and officers of credit unions
- §650. Credit committee
- §650.1. REPEALED BY ACTS 1989, No. 495, §6.
- §650.2. Educational committee
- §651. Supervisory committee; examination and report
- §652. Capital
- §652.1. Types of capital
- §652.2. Share and share certificate accounts as legal investments
- §652.3. Members' share capital
- §653. Shares of minors and in trust
- §653.1. Trust deposits; death of depositor; payment
- §653.2. Pledge of share accounts; rights and remedies
- §653.3. Ownership of shares
- §653.4. Death of member or account owner; access and transfer of accounts, shares, and property to succession representative, heirs, legatees, and legal representative
- §654. Rates of interest
- §655. Power to borrow
- §656. Loans
- §657. Repealed by Acts 2001, No. 887, §2, eff. June 26, 2001.
- §658. Dividends
- §659. Expulsion and withdrawal of members
- §659.1. Inactive accounts
- §659.2. Federally insured credit unions; abandonment of safety deposit box
- §660. Voluntary dissolution
- §661. Change of place of business
- §661.1. Branch offices
- §662. Taxation
- §662.1. Fiscal agents and depositories
- §663. Money deposited by minors
- §664. Money deposited in a multiple party account
- §665. Bylaws
- §666. Constitutionality
- §667. Conversion from federal to state and from state to federal credit union; division of assets
- §667.1. Powers, privileges, and exemptions of federal credit unions
- §667.2. Annual report
- §667.3. Records as evidence
- §668. Criminal Penalties
- §669. Short title
CHAPTER 9. HOMESTEAD AND SAVINGS AND LOAN
PART I. GENERAL DEFINITIONS
PART II. ORGANIZATION AND INCORPORATION
- §704. Organization
- §705. Incorporation; articles of incorporation; content; bylaws
- §706. Articles of incorporation; approval by the commissioner
- §707. Capital stock; types of stock; consideration for issuance; security for loan
- §708. Directors; number; qualifications; oath; vacancies
- §709. Members or stockholders meeting
- §710. Notice of meeting
- §711. Organization meeting
- §712. Corporate name
- §713. Forfeiture of charter for nonuse
- §714. Officers and agents; election, powers, duties
PART IV. POWERS
PART V. CAPITAL AND ACCOUNTS
- §741. Authorized capital
- §742. Miscellaneous provisions relative to capital and accounts
- §743. Issuance of capital
- §744. Shares, savings, and demand accounts; generally
- §745. Cancellation of shares, savings accounts
- §746. Issuance of shares or savings accounts for consideration other than cash
- §747. Contract for savings programs
- §748. Shares or demand deposits and savings accounts as legal investments and as security
- §748.1. Public funds deposits; additional collateral
- §749. Prescription on savings accounts
- §750. Pledge of deposit accounts; rights and remedies
PART VI. MEMBERS, DEPOSITORS, AND OTHER MATTERS
- §761. Members of mutual associations
- §762. Access to books and records
- §763. Minors
- §764. Authority relative to shares and savings accounts
- §765. Shares or savings accounts payable to two or more persons; survivorship
- §766. Accounts of administrators, executors, tutors, custodians, trustees and other fiduciaries
- §766.1. Payable on death accounts
- §767. Death of member or depositor and access and transfer of money and property by association to succession representatives, legatees, or heirs; authority
- §767.1. Repealed by Acts 1970, No. 234, §2.
- §768. Transfer of contents of safety deposit boxes by an association to succession representatives, legatees, heirs, minors, or interdicts; authority
- §769. Access to safety deposit boxes held jointly or standing in the name of a corporation, unincorporated association, trust estate, agents, or others
- §770. Abandonment of safety deposit box
- §771. Disposition of abandoned safety deposit box contents
PART VII. DIRECTORS, OFFICERS, AND EMPLOYEES
- §781. Indemnity bonds
- §782. Depositories
- §783. Indemnification of officers, directors, and employees
- §784. Illegal loans
- §785. Directors, employees and members not disqualified to make acknowledgments
- §786. Relation and liability of directors and officers
- §787. Actions against directors and officers
- §788. §§788 to 790 Repealed by Acts 1970, No. 234, §2.
PART VIII. CORPORATE ADMINISTRATION--RECORDS, REPORTS, AND EXAMINATION
- §791. Records
- §792. Misdescriptions of assets; false entries
- §793. Directors' examination of association
- §794. Examination
- §795. §§795, 796 Repealed by Acts 1970, No. 234, §2.
PART IX. CORPORATE ADMINISTRATIONS--SAVINGS LIABILITY; RESERVES; ACCOUNTING
- §801. Savings liability; demand deposit liability
- §802. Contingent loss account
- §803. Earnings; payment
- §804. Casual deposits
- §805. Withdrawal of savings accounts and shares
- §806. Board to determine amounts to be withdrawn
- §807. Amounts payable
- §808. Insufficient funds; notices
- §809. Board may prescribe rules
- §810. Rights of withdrawing members
- §811. New loans and payment of debts during existence of withdrawal list
- §812. Commissioner's action may stop withdrawal procedure
- §813. Prohibition against institution of action
- §814. Redemption
PART X. INVESTMENT OPERATIONS
- §822. Loans and investments
- §823. Appraisal
- §824. Payments
- §824.1. Late charges prohibited on certain payments
- §825. REPEALED BY ACTS 1993, NO. 280, §1, EFF. OCT. 1, 1993.
- §826. Provision for taxes, insurance
- §827. REPEALED BY ACTS 1993, NO. 280, §1, EFF. OCT. 1, 1993.
- §828. Loan expenses
- §829. Repealed by Acts 2003, No. 69, §1, eff. May 28, 2003.
- §830. Security for loan on immovable properties; purchase and sale of property
- §831. Shares or savings accounts as additional security
- §832. Immovables
- §833. Conveyance of property securing loan
- §833.1. Repealed by Acts 1970, No. 234, §2.
- §834. Solicitation or acceptance of gifts for making, or assisting in, procuring a loan
PART XI. OFFICES
PART XII. MERGER, CONSOLIDATION, DISSOLUTION AND LIQUIDATION
- §861. Power to merge or consolidate; consent of commissioner; rules and regulations
- §862. Merger; when effective
- §863. Consolidation; when effective
- §864. Effect of merger or consolidation
- §865. Voluntary transfer of assets
- §866. Commissioner may provide for members or stockholders to vote on plan
- §867. Dissolution or liquidation
- §868. Voluntary proceedings for dissolution
- §869. Association continues as corporate entity for sole purpose of winding up affairs
- §870. Powers of liquidating trustees
- §871. Association subject to commissioner during liquidation
- §872. Involuntary dissolution; generally
- §873. Involuntary dissolution; commissioner shall take possession
- §874. Involuntary dissolution; notice to creditors
- §875. Involuntary dissolution; powers of commissioner; court approval
- §876. Involuntary dissolution; inventory
- §877. Involuntary dissolution; fees
- §878. Involuntary dissolution; distribution of assets
- §879. Involuntary dissolutions; creditors may not dispose of pledged securities
- §880. Liquidation by federal corporation
- §881. Commissioner may examine association
- §882. Commissioner may order association to discontinue any illegal practice
- §883. Conservator
- §884. §§884 to 890 Repealed by Acts 1970, No. 234, §2.
PART XIII. FOREIGN ASSOCIATIONS
- §891. Foreign association defined
- §892. Conduct of business in accordance with this Part; certificate of authority and public necessity
- §893. Certificate of authority; exceptions
- §894. Certificate of authority; examination of qualifications
- §895. Penalty for doing business without certificate of authority
- §896. Issuance of certificate of authority; renewal annually
- §897. Deposits as security; foreign association ceasing to do business in Louisiana
- §898. Supervision and examination
PART XIV. FEDERAL ASSOCIATIONS
- §901. Powers, privileges, and exemptions of federal associations
- §902. Companion authority
- §903. Additional companion authority
- §904. Conversion into state-chartered association
- §905. Limitation
- §906. Conversions; locations
- §907. Formation of savings and loan holding companies
PART XV. FEES
- §911. REPEALED BY ACTS 1993, NO. 278, §1, EFF. JAN. 1, 1994.
- §912. Additional foreign association fees
PART XVI. MISCELLANEOUS PROVISIONS
- §921. Thrift and home financing organizations; exceptions
- §922. Powers of attorney
- §923. Exemption from security laws
- §924. Holder of note may enforce
- §925. Unlawful to destroy property
- §926. Foreclosure of mortgage
- §927. Communication from commissioner having effect of approval or order to be in writing and signed
- §928. Right of commissioner to utilize courts
- §929. Rights of association to contest decisions of commissioner
- §930. Defamation of institutions prohibited; fine
- §931. False statements and similar actions prohibited; fine
- §932. Act of controlling
- §933. Application to existing associations
PART XVII. MISCELLANEOUS PROVISIONS RELATIVE TO CAPITAL STOCK ASSOCIATIONS
- §937. Dividends; requirements
- §938. Power of state or federal mutual association to convert to capital stock association; procedures; approval of department required; minutes of meeting; succession
- §939. Plan of conversion from mutual to capital stock association; mandatory and permissive requirements
- §940. Acquisition of control over an existing association
- §941. Restrictions on acquisition of control of capital stock associations
- §942. Listing and assessment of capital stock; procedure; exemption
- §943. Listing and assessing of stock; place
- §944. Listing and assessing of stock; branch capital stock associations
- §945. Listing and assessing of real estate of capital stock associations
- §946. Listing and assessing of stock and real estate; payment of tax; recovery from stockholders
- §947. Listing and assessing of stock; report by official
PART XVIII. IMPLEMENTATION AND AUGMENTATION POWERS OF COMMISSIONER
CHAPTER 9-A. PUBLIC FUNDS IN CAPITAL STOCK
CHAPTER 9-B. INTERSTATE ACQUISITIONS AND
- §950.1. Declaration of policy
- §950.2. Definitions
- §950.3. Scope of Part; effective dates
- §950.4. Applicability of commissioner's rules and regulations; operation of Louisiana association subsidiaries by foreign corporations; reciprocal agreements; penalties
- §950.5. Interstate acquisitions; filings with commissioner
- §950.6. Prohibited acquisitions and activities
- §950.7. Minority stockholders' rights
- §950.8. Savings clause
CHAPTER 10. THE MOTOR VEHICLE SALES FINANCE ACT
- §951. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §952. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §953. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §954. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §955. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §956. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §956.1. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §956.2. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §957. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §958. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §959. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §960. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §961. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §962. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §963. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
- §964. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
CHAPTER 10-A. ADDITIONAL DEFAULT REMEDIES
- §965. Scope and definitions
- §966. Procedure
- §966.1. Notice of repossession; contents; fees
- §967. Appeal from order
- §968. §§968, 969 Repealed by Acts 1974, No. 466, §3.
CHAPTER 10-B. LOUISIANA MOTOR VEHICLE SALES
- §969.1. Short title
- §969.2. Scope
- §969.3. Exclusions
- §969.4. Waiver, agreement to forego rights
- §969.5. Repealed by Acts 2001, No. 1066, §1.
- §969.6. Definitions
- §969.7. Terms; construction; additional fees and charges
- §969.8. Construction against implicit repeal
PART II. MAXIMUM CHARGES
- §969.9. Consumer loans
- §969.10. Consumer credit sale
- §969.11. Maximum charges after negotiations
- §969.12. Maximum charges after maturity
- §969.13. Leap years
- §969.14. Variable rates
- §969.15. Maximum delinquency charges
- §969.16. Maximum deferral charges
- §969.17. Charges for checks returned for insufficient funds
- §969.18. Documentation and compliance fees; notary fees; transfer of equity and other fees; disclosure
PART III. PREPAYMENT OF MOTOR VEHICLE CREDIT TRANSACTIONS
- §969.19. Right to prepay
- §969.20. Rebates upon prepayment; prepayment charges; return of lien documents upon payment in full of the balance due
- §969.21. Rebate after acceleration of maturity
PART IV. LIMITATIONS ON AGREEMENTS AND PRACTICES
- §969.22. Attorney fees
- §969.23. Collection and enforcement costs and expenses
- §969.24. Use of multiple agreements
- §969.24.1. Acts to lessen or eliminate competition prohibited
- §969.24.2. Mandatory sales prohibited
PART V. INSURANCE
- §969.25. Consumer credit insurance
- §969.26. Property insurance
- §969.27. Existing insurance
- §969.28. Limitations on insurance rates; contract requirements
- §969.29. Choice of insurer
- §969.30. Conditions applying to insurance provided by the extender of credit
- §969.31. Cancellation of insurance; refund or credit upon cancellation
- §969.32. Gain from insurance
PART VI. VIOLATIONS
- §969.33. Effect of violations on rights of parties
- §969.34. Guidance by commission; advisory opinions
PART VII. LICENSING PROVISIONS
- §969.35. Authority to make consumer loans; assignees; authority to issue debt waiver or debt forgiveness agreements
- §969.36. License not required
- §969.37. Licensing procedures
- §969.38. Denial, suspension, or revocation of licenses
- §969.39. Investigations and complaints
- §969.40. Powers of commission
- §969.41. Fines imposed by the commission
- §969.42. Venue for litigation or arbitration; choice of law
PART VIII. GAP COVERAGE
- §969.51. GAP coverage; requirements
- §969.52. Liability; contractual or insurance policies
- §969.53. Cancellation
- §969.54. Disclosures
CHAPTER 11. EXTRAORDINARY ACQUISITIONS OF
- §970. Purchase, merger, or consolidation of impaired financial institutions
- §971. Approval of transaction; priorities
- §972. Retention of branches
- §973. Prohibited insurance activities
- §974. Acquisition of state bank in impaired condition
- §975. §§975, 976 Repealed by Acts 1972, No. 454, §3, eff. Jan. 1, 1973.
CHAPTER 12. CURRENCY EXCHANGE SERVICES
- §1001. Title
- §1002. Definitions
- §1003. License; certificates
- §1004. Application for license and change of control
- §1004.1. License fees; online renewal
- §1004.2. Enforcement powers of the commissioner
- §1005. Qualifications
- §1006. Approval or denial of application
- §1007. Change of name or location
- §1008. Suspension or revocation of license; hearing; surrender of license; administrative fines
- §1009. Regulation of fees; unreasonable fees; display of fees
- §1010. Repealed by Acts 2004, No. 370, §1.
- §1011. Powers; limitations; prohibitions
- §1012. Violations; criminal penalties; civil liability
- §1013. Books of account; examinations
- §1013.1. Cashing federal and state treasury checks; records retention
- §1014. Rules and regulations
- §1015. False advertising
- §1016. Applicability
CHAPTER 13. SALE OF CHECKS AND MONEY TRANSMISSION
- §1031. Citation
- §1032. Definitions
- §1033. License required
- §1034. Exemption from licensing
- §1035. Qualifications
- §1036. Applications
- §1037. Accompanying fee; statement and bonds
- §1038. Investigation; granting of license
- §1038.1. Temporary license; expiration; extension
- §1039. Maintenance of bond
- §1040. Annual renewal fee; delinquency charge
- §1041. Agents and subagents
- §1042. Liability of licensees
- §1043. Disclosure of responsibility
- §1044. Visitation and examination; revocation of license
- §1045. Hearings
- §1046. Penalties
- §1047. Reports
- §1048. Trust imposed on sales or transmission proceeds
- §1049. List of financial institutions
- §1050. Retention of surety bond
- §1051. Notification of financial institutions; violations; penalties
- §1052. Account; verification of license; cancellation; overdrafts
- §1053. Significant developments; licensee's duty to report to commissioner
- §1054. Change of control; notice; application; advisory opinion
CHAPTER 14. RESIDENTIAL MORTGAGE
- §1081. Short title
- §1082. Purpose
- §1083. Definitions
- §1084. Prohibition
- §1085. Rules and regulations
PART II. LICENSURE, REGISTRATION, AND CERTIFICATION
- §1086. Licensure requirement
- §1087. Exemptions; annual registration statement; fees
- §1088. Application for licensure; surety bond
- §1088.1. Licensing system; authorization; fees; required use
- §1088.2. Application for licensure; application and renewal fees
- §1088.3. Application for renewal of license; restriction; late renewal fees
- §1088.4. Information reporting
- §1089. Name or location changes and closures; fees
- §1090. Restrictions
- §1091. Recordkeeping and retention; examinations; investigation of complaints; reports of conditions
- §1092. Suspension and revocation of licensure; commissioner's interpretations; prohibitions
- §1092.1. Costs of appeal
- §1092.2. Validity of judgment; execution
- §1093. Repealed by Acts 2010, No. 743, §22B, eff. July 1, 2010.
- §1094. Professional education required for licensure; continuing education
- §1094.1. Testing of loan originators
PART III. RESIDENTIAL MORTGAGE LOANS
- §1095. Scope
- §1096. Residential mortgage loans
- §1097. Residential mortgage loan fees and charges; applicability of the Louisiana Consumer Credit Law
- §1098. Residential mortgage loan brokerage contracts
- §1099. Criminal penalties
PART IV. REVERSE MORTGAGE LOANS
- §1101. Reverse mortgages; requirements
- §1102. Counseling
- §1103. Commitment and cooling off period
- §1104. Reverse mortgage lender; duties to elders
CHAPTER 15. APPROVAL OF RULES AND REGULATIONS
CHAPTER 16. CREDIT AGREEMENTS -- WRITING
- §1121. Definitions
- §1122. Credit agreements to be in writing
- §1122.1. Defenses to written credit agreements
- §1123. Actions not considered agreements
- §1124. No implied fiduciary obligations
- §1125. §§1125 to 1127 Repealed by Acts 1981, No. 873, §4, eff. Oct. 1, 1981.
CHAPTER 17. LOUISIANA SAVINGS BANKS
- §1131. Title
- §1132. Policy and purposes
- §1133. Administration
- §1134. Applicability
- §1135. Federal deposit insurance
- §1136. Powers; parity with other financial institutions
- §1137. Definitions
- §1138. General corporate powers
- §1139. Specific powers
- §1140. Status as an IRS qualified savings banks institution
- §1141. Regulatory powers; promulgation of rules and regulations
- §1142. Safety deposit boxes and safekeeping
PART II. HOLDING COMPANIES
PART III. INCORPORATION AND ORGANIZATION
- §1161. Application for permit to organize
- §1162. Content of application for permit to organize
- §1163. Contents of articles of incorporation
- §1164. Contents of bylaws
- §1165. Permit to organize
- §1166. Temporary organization and capital subscriptions
- §1167. Certificate of organization; issuance; refusal
- §1168. REPEALED BY ACTS 1993, NO. 278, §1, EFF. JAN. 1, 1994.
PART IV. MEMBERSHIP
- §1181. Members
- §1182. Annual and special meetings
- §1183. Notice of meetings
- §1184. Quorum of annual or special meetings
- §1185. Voting
- §1186. Record date for voting, dividend, and other purposes
- §1187. Proxies
- §1188. Directors
- §1189. Bonds of officers and directors
- §1190. Conduct of directors and officers
- §1191. Relation and liability of directors and officers
PART V. CAPITAL
- §1201. Minimum capital for incorporation or conversion
- §1202. Types of capital; personal property
- §1203. Capital stock; nature
- §1204. Capital stock; authorization of issuance
- §1205. Who may hold capital
- §1206. Capital maintenance
- §1207. Dividends; capital surplus required
- §1208. Loans or discounts on capital stock
- §1208.1. Applicability of statute, rules and regulations
PART VI. INVESTMENTS
- §1221. Underwriting
- §1222. Investment in loans
- §1223. Other investments
- §1224. Calculation of interest; postpayments and prepayments
- §1225. General loan contract provisions
- §1226. Modification agreements
- §1227. Sale, assignment, and servicing of loans and contracts
- §1228. Purchase of real estate at judicial sale
- §1229. Immovable property; dealings
- §1229.1. Applicability of rules and regulations
- §1230. Purchases of real estate for office and rental purposes
- §1231. Usury law inapplicable
- §1232. Prohibited loans
- §1233. Effect of unauthorized investments
- §1234. Acknowledgments
- §1235. Loans to one borrower
- §1236. Commissioner's regulations
- §1237. Change in control
PART VII. WITHDRAWABLE ACCOUNTS
- §1251. Withdrawable accounts; general definitions
- §1252. Prohibited activities
- §1253. Withdrawable accounts
- §1254. Issuance, delivery, and transfer of certificates and account books
- §1255. Joint account; trust account; payment on death account
- §1256. Effect of payment to minor or fiduciary
- §1257. Payment on legal disability or death of holder in holder's own right of a withdrawable account
- §1258. Voluntary withdrawal of accounts
- §1259. Enforced retirement of withdrawable accounts
- §1260. Authorized charges
- §1261. Withdrawable accounts subject to liens
- §1262. Demand deposits; checking account
- §1263. Payment of interest
- §1264. Holders of withdrawable accounts
PART VIII. VOLUNTARY CORPORATE CHANGES
- §1271. Amendment of articles
- §1272. Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.
- §1273. Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.
- §1274. Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.
- §1275. Effect upon existing articles and bylaws
- §1276. Merger; adoption of plan
- §1277. Merger; vote of approval
- §1278. Merger; commissioner's certificate
- §1279. Effect of merger
- §1280. Merger; commissioner's expenses
- §1281. Sale of assets
- §1282. Procedure to effect sale of all assets
- §1283. Authority to form a bridge charter
- §1284. Conversion of an existing financial institution to a savings bank
- §1285. Emergency merger
- §1286. Emergency sale of assets
PART IX. AUTHORITY OF COMMISSIONER
- §1301. Powers of commissioner
- §1302. Examination
- §1303. Examiners
- §1304. Report of examination
- §1305. Failure to comply with commissioner's report of examination; publication of reports
- §1306. Orders of the commissioner
- §1307. Recordkeeping and retention of records by a savings bank
- §1308. Disclosure of examination reports and other reports
- §1309. Examination of data processing centers
- §1310. Annual directors' examinations
- §1311. Unsafe and unsound; orders of prohibition and removal
- §1312. Cease and desist proceedings
- §1313. Procedure upon the impairment of capital
- §1314. Administrative review
PART X. CONSERVATORSHIPS, RECEIVERSHIPS, AND INVOLUNTARY LIQUIDATIONS
PART XI. ENFORCEMENT POWERS
- §1331. Affirmative action to correct conditions resulting from violations of law, regulations, orders, or from practices
- §1332. Cease and desist; books and records
- §1333. Removal and prohibition authority
- §1334. Industry-wide prohibition
- §1335. Institution-affiliated party
- §1336. Civil money penalties
- §1337. Effect of termination or resignation of an institution-affiliated party
- §1338. Unauthorized participation by convicted individual
- §1339. Perjury; false statements
- §1340. False advertising
- §1341. Prohibitive practices; additional
CHAPTER 18. PROFESSIONAL SERVICES TO FEDERALLY
- §1351. Professional responsibility
- §1352. Professional liability
- §1353. Officers and directors
- §1354. Imposition of greater standards; liability
CHAPTER 19.
- §1361. Short title
- §1362. Intent; scope; effect
- §1363. Definitions
- §1364. Compliance required
- §1365. Lighting standards
- §1366. Landscape and vegetation standards
- §1367. Notice of customer safety information
CHAPTER 20. PROTECTION OF ELIGIBLE ADULTS FROM
- §1371. Legislative intent
- §1372. Definitions
- §1373. Notices
- §1374. Delaying financial transactions
- §1375. Applicability of other laws
- §1376. Immunity
CHAPTER 21. VIRTUAL CURRENCY BUSINESSES
- §1381. Short title
- §1382. Definitions
- §1383. Applicability
- §1384. Licensure; general
- §1385. Requirements
- §1386. Required documents; securities
- §1387. Issuance of license; appeal
- §1388. Renewal of license; procedure; denial
- §1389. Exceptions to licensure requirement; conditions
- §1390. Transferability
- §1391. Examinations
- §1392. Enforcement
- §1393. Violations
- §1394. Implementation