reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:969.17 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.17. Charges for checks returned for insufficient funds

RS 969.17 - Charges for checks returned for insufficient funds The parties in a motor vehicle credit transaction may contract for an additional charge to be assessed if the consumer tenders a check in payment or a payment by electronic means and such check or electronic payment is returned from any bank, savings and loan association, thrift institution, credit union, or any other organization or institution authorized to issue checks, drafts, or similar negotiable instruments or electronic payments, due to insufficient credit or funds in the account for payment of the check or electronic payment in full upon its presentation, or due to account closure, stop payment, drawn on uncollected funds, or any other reason for which the instrument or electronic payment is not paid. The additional charge shall be five percent of the amount of the check or electronic payment, but in no case shall this charge exceed fifteen dollars. The charge shall be in addition to any delinquency charge assessed under the provisions of R.S. 6:969.15. For the purposes of this Section, the phrase "due to insufficient credit or funds" means a check or electronic payment returned unpaid for any reason. Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2004, No. 65, §1; Acts 2008, No. 476, §1.
LA Rev Stat § 6:969.19 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.19. Right to prepay

RS 969.19 - Right to prepay Notwithstanding any contrary provision of the consumer's contract, the consumer may prepay in full the unpaid balance at any time. An extender of credit may within its discretion accept the amount tendered by the consumer to be a prepayment in full of a simple interest transaction if the amount tendered is within one dollar, or to the extent provided by federal law, more or less, of the amount actually owed. Under such circumstances, the extender of credit may retain any excess amount tendered by the consumer provided that the amount tendered does not exceed the amount actually owed by more than one dollar, or to the extent provided by federal law. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.21 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.21. Rebate after acceleration of maturity

RS 969.21 - Rebate after acceleration of maturity A. If the maturity of a precomputed transaction is accelerated for any reason and suit is filed, the obligation shall be credited with the same rebate required under R.S. 6:969.20(A) as if prepayment in full had been made as of the date the maturity of the obligation is accelerated at the creditor's election, except that any consumer credit insurance, property insurance, and other insurance coverages in force at such time shall not be rebated until payment is made in full. Thereafter, the obligation sued upon shall be deemed to bear a loan finance charge or credit service charge on the amount due at the annualized rate previously agreed to by the consumer until the transaction is paid in full. B. If the maturity of a simple interest transaction is accelerated for any reason, the extender of credit may charge the consumer a twenty-five dollar prepayment charge as provided under R.S. 6:969.20(B). Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.22 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.22. Attorney fees

RS 969.22 - Attorney fees A motor vehicle credit contract may provide for the payment of collection and enforcement attorney fees by the consumer in an amount not to exceed twenty-five percent of the total amount payable under the transaction. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.23 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.23. Collection and enforcement costs and expenses

RS 969.23 - Collection and enforcement costs and expenses The consumer shall be obligated and responsible to reimburse the extender of credit for its out-of-pocket collection costs and expenses incurred in collecting the consumer's obligation and in enforcing the creditor's security rights against the secured motor vehicle and any other collateral. The consumer shall be further obligated and responsible to reimburse the extender of credit for such additional collection costs and expenses as may be authorized under Chapters 3 and 9 of the Louisiana Commercial Laws, R.S. 10:3-101 et seq., and R.S. 10:9-101 et seq. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.24 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.24. Use of multiple agreements

RS 969.24 - Use of multiple agreements An extender of credit shall not divide a consumer loan into multiple agreements for the purpose of obtaining a higher loan finance charge than would otherwise be permitted. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.24.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.24.1. Acts to lessen or eliminate competition prohibited

RS 969.24.1 - Acts to lessen or eliminate competition prohibited A. Any person or any affiliates thereof, subject to the provisions of this Chapter, shall be prohibited from making statements, threats, promises, acts, contracts, or offers of contracts that the intended or actual effect of which is to coerce or attempt to coerce any seller to sell or offer to sell any extended service contract, extended maintenance plan, or GAP product offered, sold, backed, or sponsored by a particular entity, including but not limited to any manufacturer or distributor of motor vehicles or affiliates thereof, as defined in R.S. 32:1252, by setting limits for the amount financed in regard to the financing of premium or other charges for any insurance coverage, product, or service financed on the retail installment contract, when the discrimination in the amount financed limits is based, in whole or in part, upon whether or not the product, insurance, or service is provided by the person or affiliates thereof, subject to the provisions of this Chapter, or to the extent any such statements, threats, promises, acts, contracts, or offers of contracts shall lessen or eliminate competition to sell the aforementioned products. B. Nothing contained in this Section shall prohibit a person or any affiliates thereof, subject to the provisions of this Chapter, from offering or providing incentive benefits or bonus programs to a seller or prospective seller who makes the voluntary decision to sell or offer to sell any extended service contract, extended maintenance plan, or GAP product offered, sold, backed, or sponsored by a particular entity, including but not limited to any manufacturer or distributor of motor vehicles or affiliates thereof, as defined in R.S. 32:1252, or to sell, assign, or transfer any retail installment sale or lease by him of motor vehicles manufactured or sold by the manufacturer or distributor to a specified finance company or leasing company. Acts 2010, No. 258, §1.
LA Rev Stat § 6:969.24.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.24.2. Mandatory sales prohibited

RS 969.24.2 - Mandatory sales prohibited It shall be a violation of this Chapter for any person subject to the provisions of this Chapter to require a seller to sell any insurance coverage, product, or service, which is provided, administered, or sold by a person or any affiliates thereof, subject to the provisions of this Chapter, in order to secure preferential financing or preferential limits on the amounts financed rates for the dealership or its customers. Acts 2010, No. 258, §1.
LA Rev Stat § 6:969.27 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.27. Existing insurance

RS 969.27 - Existing insurance When consumer credit insurance is required in connection with a motor vehicle credit transaction, the extender of credit shall furnish the consumer a statement which shall clearly and conspicuously state that consumer credit insurance is required and that the consumer shall have the option of furnishing the required insurance either through existing policies of insurance coverages or through any insurance company authorized to transact business in Louisiana. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.28 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.28. Limitations on insurance rates; contract requirements

RS 969.28 - Limitations on insurance rates; contract requirements Any insurance provided, sold, or obtained through an extender of credit shall be written at lawful rates and in accordance with the provisions of the Louisiana Insurance Code by a company authorized to do business in this state which is not under a court-ordered rehabilitation, conservation, liquidation, or dissolution; however, such insurance may be written in accordance with R.S. 22:432 through 444 if the provisions thereof are applicable. Any extender of credit that writes insurance in compliance with the preceding requirements shall not be liable to any insured as a result of the insurer's inability to pay any claim to an insured due to insolvency, or pursuant to any court-ordered rehabilitation, conservation, liquidation, or dissolution. The contract or agreement must briefly indicate the kind, coverage, term, and amount of premium of such insurance. Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2008, No. 415, §2, eff. Jan. 1, 2009.
LA Rev Stat § 6:969.29 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.29. Choice of insurer

RS 969.29 - Choice of insurer The consumer shall have the privilege at the time of execution of the contract of purchasing any required or requested insurance from an agent or broker of his own selection and of selecting an insurance company acceptable to the extender of credit but, in such cases, the inclusion of the insurance premium in the contract shall be optional with the extender of credit. However, any licensed admitted property and casualty insurer possessing a valid certificate of authority to transact property and liability insurance coverage in the state of Louisiana shall be deemed to be an acceptable insurer for the provisions of this Chapter. The extender of credit may refuse any otherwise acceptable insurer which is under court-ordered rehabilitation, conservation, liquidation, or dissolution. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.30 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.30. Conditions applying to insurance provided by the extender of credit

RS 969.30 - Conditions applying to insurance provided by the extender of credit If an extender of credit agrees with a consumer to obtain or provide insurance, the insurance shall either be evidenced by an individual policy or certificate of insurance delivered to the consumer, or sent to him at his address as stated by him, within forty-five days after the term of the insurance commences or the extender of credit shall promptly notify the consumer of any failure or delay in providing or obtaining the insurance, individual policy, or certificate of insurance. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.31 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.31. Cancellation of insurance; refund or credit upon cancellation

RS 969.31 - Cancellation of insurance; refund or credit upon cancellation A. When a motor vehicle credit transaction is paid in full for any reason, the insurance paid by the consumer and provided, sold, or obtained through the seller or extender of credit in connection therewith shall be canceled; however, this provision shall not apply to insurance which is the subject of a specific written request by the consumer requesting that such insurance remain in force beyond the provision of this Section. B. When insurance paid by the consumer is terminated for any reason, the refund for unearned insurance premiums received by the extender of credit shall, at the creditor's option, be applied toward payment of the premium for insurance to replace the coverage canceled, adjusted, or terminated, or toward payment of the unpaid balance of the motor vehicle credit transaction. The order of applying said unearned premium shall be inverse to the order in which the installments of the motor vehicle credit transaction are payable according to its terms, beginning with the installment due on the final due dates and not to the next ensuing installment which shall remain payable as originally scheduled. The remaining balance of unearned insurance premiums, if any, shall be refunded to the consumer; however, no cash refund shall be required if the amount thereof is less than one dollar or to the extent provided for by federal law. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.32 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.32. Gain from insurance

RS 969.32 - Gain from insurance Any gain or advantage to the seller or extender of credit, or any employee, officer, director, agent, general agent, affiliate, or associate, from such insurance or its provisions or sale shall not be considered as a further charge nor a further credit service charge or loan finance charge in violation of this Chapter. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.34 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.34. Guidance by commission; advisory opinions

RS 969.34 - Guidance by commission; advisory opinions Any action taken by an extender of credit pursuant to any rulings or interpretive opinions made by the commission or made by its officers or attorneys shall not be deemed to be a violation of this Chapter. Advisory opinions and interpretations of the commission or its employees and attorneys shall not be considered rules requiring compliance with the rulemaking process under the Administrative Procedure Act. The commission or its employees and attorneys shall have no liability to any person with respect to the issuance of a ruling or interpretive opinion made under this Section. Acts 1999, No. 794, §1, eff. July 2, 1999.
LA Rev Stat § 6:969.35 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.35. Authority to make consumer loans; assignees; authority to issue debt waiver or debt forgiveness agreements

RS 969.35 - Authority to make consumer loans; assignees; authority to issue debt waiver or debt forgiveness agreements A.(1) Unless a person has first obtained a license from the commission or is exempt from licensing under R.S. 6:969.36, he shall not engage in the business of making consumer loans or the origination of consumer credit sales subject to this Chapter. (2) Unless a person has first obtained a license from the commission, or is a supervised financial organization, he shall not engage in business as an administrator or as a salesman or agent involving debt waiver or debt forgiveness agreements. B. An assignee may not take assignments of and undertake direct collection of payments from or enforce rights against consumers under a consumer loan or consumer credit sale subject to this Chapter without first having obtained a license from the commission. An assignee may, however, collect and enforce consumer obligations of which it has taken assignment for three months without a license if the assignee notifies the commission in writing, the assignee promptly applies for a license, and the application is not rejected. C. There is no requirement that a licensee have one or more offices in this state. D. Any person violating this Section may be fined one thousand dollars for each contract originated or purchased or for each debt waiver or debt forgiveness agreement issued or guaranteed without that person being properly licensed. The fine shall be payable to the commission. Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2005, No. 255, §1; Acts 2010, No. 374, §1.
LA Rev Stat § 6:969.36 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.36. License not required

RS 969.36 - License not required  A. All of the following shall be exempt from the licensing requirements of this Chapter:  (1) Supervised financial organizations.  (2) Trusts and trustees, including without limitation securitization trusts and trustees.  (3) Assignees with no offices in this state holding motor vehicle contracts on an interim basis for a period of ninety days or less.  (4) Governmental agencies, instrumentalities, or public entities organized by Act of Congress or the Legislature of Louisiana.  (5) Qualified pension plans when entering into an extension of credit to a plan participant.  (6) Bona fide pledgees of motor vehicle credit contracts.  (7) Persons holding motor vehicle contracts for servicing or collection on behalf of the actual owner of such obligations.  (8) Licensed motor vehicle dealers to the extent that they regularly sell, assign, and transfer contracts originated by them to third party assignees within sixty days following origination. A licensed motor vehicle dealer may retain at any one time, and from time to time thereafter, a maximum of twelve contracts for its own account without being subject to the licensing requirements of this Chapter.  B. The commission is authorized to waive the licensing and examination requirements for a subsidiary of an entity as described in Paragraph (A)(1) of this Section.  Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2007, No. 131, §1, eff. June 25, 2007.
LA Rev Stat § 6:969.38 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.38. Denial, suspension, or revocation of licenses

RS 969.38 - Denial, suspension, or revocation of licenses A. Renewal of a license originally granted under this Chapter may be denied or a license may be suspended or revoked by the commission for any of the following grounds: (1) Material misstatements in the application for a license. (2) Failure to comply with any provision of this Chapter. (3) Defrauding any borrower to the borrower's damage. (4) Fraudulent misrepresentation, circumvention, or concealment by the licensee through whatever subterfuge or device of any of the material particulars or the nature thereof required to be stated or furnished to the borrower under this Chapter. B. If the licensee is a partnership, limited liability company, or corporation, it shall be sufficient cause for the suspension or revocation of a license that any partner, member, officer, director, or employee of the licensee has so acted or failed to act as would be cause for suspending or revoking a license to such party as an individual. Each licensee shall be responsible for the acts of any and all of its employees while acting as its agent. C.(1) No license shall be denied, suspended, or revoked except after hearing thereon. The commission shall give the licensee at least thirty days written notice, in the form of an order to show cause, of the time and place of such hearing by certified mail addressed to the principal place of business in the state of such licensee. The said notice shall contain the grounds of complaint against the licensee. (2) Any order suspending or revoking such license shall recite the grounds upon which the same is based. The order shall be entered upon the records of the commission and shall not be effective until after thirty days written notice thereof given after such entry forwarded by certified mail to the licensee at such principal place of business. (3) No revocation, suspension, or surrender of any license shall impair or affect the obligation under any motor vehicle credit contract or agreement entered into or acquired previously thereto by the licensee. D. Within thirty days after such denial, suspension, or revocation of a license, the licensee may apply for a review thereof by application to the district court for the parish of Jefferson in accordance with the Administrative Procedure Act. Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2006, No. 785, §1.
LA Rev Stat § 6:969.39 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.39. Investigations and complaints

RS 969.39 - Investigations and complaints A. The commission, if it has reason to believe that any licensee or any other person has violated any of the provisions of this Chapter, shall have the power to make such investigations as it shall deem necessary and, to the extent necessary for this purpose, the commission may examine such licensee or any other person and shall have the power to compel the production of all relevant books, records, accounts, and documents. B. Any borrower having reason to believe that this Chapter has been violated may file with the commission a written complaint setting forth the details of such alleged violation. The commission, upon receipt of such complaint, may inspect the pertinent books, records, letters of the lender and of the borrower involved relating to such specific written complaint. Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2006, No. 785, §1.
LA Rev Stat § 6:969.41 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.41. Fines imposed by the commission

RS 969.41 - Fines imposed by the commission A. Any person who willfully violates any provision of this Chapter shall be subject to a fine by the commission in an amount not to exceed five thousand dollars per violation. B. The commission may render judgment for costs, or any part thereof, against any party to proceedings held or scheduled to be held before the commission as it may consider equitable. These costs shall include but shall not be limited to court reporter fees, commission attorney fees, the mileage and per diem of the commission, and other applicable reasonable costs. C. Any person who is required to be licensed under this Chapter and who fails to timely obtain a license as herein provided may be ordered by the commission to pay a penalty of one hundred dollars in addition to the regular license fee herein provided. Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2006, No. 785, §1.
LA Rev Stat § 6:969.42 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.42. Venue for litigation or arbitration; choice of law

RS 969.42 - Venue for litigation or arbitration; choice of law A. A provision contained in any document relating to a motor vehicle credit transaction or debt waiver or debt forgiveness agreement that was entered into in the state of Louisiana requiring that litigation or arbitration be conducted outside of this state is void and unenforceable. B. Except as to a supervised financial organization, a provision contained in any document relating to a motor vehicle credit transaction or debt waiver or debt forgiveness agreement that was entered into in the state of Louisiana that seeks to apply any law other than Louisiana law to a dispute between the parties to such transaction is void and unenforceable. Acts 2007, No. 131, §1, eff. June 25, 2007; Acts 2010, No. 374, §1.