reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§5. Public policy

RS 5 - Public policy  It is the declared public policy of the state of Louisiana to encourage and to foster the development of financial institutions under a dual chartering system of the state and federal governments. In order to carry out this policy, the office of financial institutions is authorized and requested to use its resources in the promotion and development of the dual chartering system under the laws of Louisiana.  Acts 1990, No. 203, §1, eff. July 3, 1990; Acts 1993, No. 960, §1; Acts 2021, No. 17, §1.
LA Rev Stat § 6:101 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§101. Establishment of office; commissioner

RS 101 - Establishment of office; commissioner A. There is hereby created the Office of Financial Institutions as a state agency, within the office of the governor. It shall have supervisory and regulatory jurisdiction over all financial institutions and other persons as provided by this Title, and such other jurisdiction as is conferred on the office or commissioner in other legislation. The commissioner of the Office of Financial Institutions shall have exclusive supervisory and regulatory jurisdiction and authority over Louisiana state-chartered financial institutions and other financial entities regulated by the Office of Financial Institutions, and the state legislature shall have exclusive lawmaking authority, except for rulemaking authority, regarding the supervision and regulation of the same. The provisions of this Subsection are subject to and do not supersede the provisions of Part IV, Interstate Banking, of Chapter 6 of Title 6 of the Revised Statutes of 1950. The provisions of this Subsection shall not apply to any litigation pending on August 15, 2003. B. The chief officer of the office of financial institutions shall be the commissioner of financial institutions. The commissioner shall be appointed by the governor, shall be submitted to the Senate for confirmation, and shall have five years of active experience as one of the following: (1) An accountant with a degree in accounting from an accredited institution or a certified public accountant authorized to practice in Louisiana. (2) An attorney licensed to practice law within this state. (3) A certified licensed agent, broker, or principal who is registered as such pursuant to R.S. 51:701 et seq. or under the Securities and Exchange Act of 1934. (4) An officer of an institution regulated by the Office of Financial Institutions or shall be a person who possesses at least fifteen years of active experience as a state or federal financial institutions regulator. The commissioner shall have been active in such major policymaking function and actively employed by the state or federal financial institutions regulatory authority within the previous five years of the appointment. C. The commissioner shall also serve as commissioner of securities. D. The commissioner shall receive a salary set and determined by the governor payable monthly on the commissioner's own authorization. E. The commissioner qualifies by taking and filing the necessary oath of office. He shall serve for a term of four years from the date of his induction and until his successor qualifies. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1999, No. 344, §1, eff. June 16, 1999; Acts 2001, No. 8, §2, eff. July 1, 2001; Acts 2001, No. 9, §1, eff. July 1, 2001; Acts 2003, No. 521, §1; Acts 2003, No. 869, §1.
LA Rev Stat § 6:121.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§121.1. Enforcement powers of commissioner

RS 121.1 - Enforcement powers of commissioner A. The commissioner may, in his discretion, conduct such investigations and hearings as he deems necessary to ascertain possible violations of this Title or any rule, regulation, or order promulgated or issued thereunder. Such hearings shall be private unless the commissioner, in his sole discretion and after considering the views of the person afforded the hearing, determines that a public hearing is necessary to protect the public interest. If the commissioner determines that a public hearing is necessary to protect the public interest, the confidentiality provisions of this Title and the Administrative Procedure Act, R.S. 49:950 et seq., shall not apply. B. Any person who is engaged in or is engaging in or is about to engage in any act or practice which is prohibited by this Title or any rule, regulation, or order promulgated or issued thereunder, or any person who has failed to act or is failing to act or is about to fail to act under any affirmative duty imposed by this Title or any rule, regulation, or order promulgated or issued thereunder shall be subject to appropriate action by the commissioner. Such action shall include but shall not be limited to the issuance of orders assessing civil money penalties, entering into compliance agreements, seeking injunctive relief from a court of competent jurisdiction, or any combination thereof. C. The commissioner may report egregious violations to the attorney general or to the district attorney of the appropriate parish, who may institute the proper proceedings to enjoin the violation and enforce the penalties provided herein. D. In addition to the enforcement powers of the commissioner authorized in this Title and any other Title of the Louisiana Revised Statutes of 1950, he shall also have those enforcement powers authorized by Subsections A, B and C of this Section with respect to any person subject to licensing, registration, or regulation by the commissioner. Acts 1990, No. 266, §1, eff. July 4, 1990; Acts 2006, No. 460, §1, eff. June 15, 2006.
LA Rev Stat § 6:121.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§121.3. Guidance by commissioner; advisory opinions

RS 121.3 - Guidance by commissioner; advisory opinions A. Advisory opinions and interpretations of the office shall not be considered rules requiring compliance with the rulemaking process under the Louisiana Administrative Procedure Act. B. This Section shall only have prospective application. Acts 1997, No. 58, §1.
LA Rev Stat § 6:121.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§121.5. Application containing false information or misrepresentations

RS 121.5 - Application containing false information or misrepresentations It shall be unlawful for any person to knowingly submit an application for a financial institution charter, license, registration, or notification, or any other document to the commissioner which contains false information or misrepresentations regarding any applicant's personal or business background information, for the purpose of deceiving the commissioner into granting a charter, license, registration, or notification to the applicant. Any person who violates this Section is guilty of a misdemeanor, and upon conviction may be fined not less than one thousand dollars nor more than two thousand five hundred dollars, or sentenced to imprisonment not exceeding one year, or both. Acts 2001, No. 531, §1, eff. June 21, 2001.
LA Rev Stat § 6:121.6 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§121.6. Authority of the commissioner; nondepository institutions; emergencies

RS 121.6 - Authority of the commissioner; nondepository institutions; emergencies A. In addition to any other powers specifically authorized, the commissioner is authorized to waive, suspend, or delay compliance with all or part of any statute it is the duty of the commissioner to administer or enforce with respect to a nondepository institution, if he reasonably deems compliance with such statute is impossible or impractical as a result of conditions created during a declared state of emergency or as a result of conditions the commissioner reasonably deems to create an emergency. B. For the purposes of this Section, the term "nondepository institutions" shall mean those persons or entities required by statute to be certified, licensed by, or registered with the commissioner, other than financial institutions as defined in R.S. 6:2. C. This Section shall apply to emergencies declared by the governor or the commissioner on or after August 29, 2005. Acts 2005, 1st Ex. Sess., No. 33, §1, eff. Nov. 29, 2005.
LA Rev Stat § 6:121.7 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§121.7. Return of payment; imposition of fee

RS 121.7 - Return of payment; imposition of fee The commissioner is authorized to impose a fee of twenty-five dollars on any person who submits a payment with an instrument or other method of payment and which payment is returned unpaid, refused, or declined. Acts 2006, No. 232, §1, eff. June 2, 2006.
LA Rev Stat § 6:121.8 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§121.8. Licensing systems

RS 121.8 - Licensing systems A. Notwithstanding any other law to the contrary, the commissioner shall have the authority to take all action regarding the utilization of an electronic database licensing system or systems with respect to any person subject to licensure by him, in his discretion as he deems necessary and appropriate, including but not limited to those contained within the Louisiana S.A.F.E. Residential Mortgage Lending Act, R.S. 6:1081, et seq.; provided, however, that any action taken pursuant to this Section shall not authorize the creation of an online system which shall be utilized to restrict or limit the authority of licensees to offer loans which are statutorily authorized. B. For the purposes of this Section, the term "licensure" shall mean licensing, registration, regulation, and notification of all persons by the commissioner, except financial institutions as defined in R.S. 6:2(8). Acts 2011, No. 10, §1.
LA Rev Stat § 6:122 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§122. Power to issue cease and desist orders

RS 122 - Power to issue cease and desist orders A.(1) The commissioner shall have the power to issue cease and desist orders to prevent or terminate an unsafe or unsound practice or condition or a violation of any Section of this Title or any regulation or order of the commissioner issued pursuant to this Title whenever he knows or has reasonable cause to believe that such practice exists or is likely to occur. (2) Before issuing a cease and desist order, the commissioner shall send by registered mail a notice containing a statement of the facts constituting the grounds for issuance of the cease and desist order and fixing a time and place at which a meeting with the alleged violator or violators, whether they be a financial institution, its officers, directors, stockholders, employees, or any combination thereof, will be held to determine whether an order to cease and desist therefrom should be issued. If the violator fails to appear at the meeting, it shall be deemed to have consented to the issuance of a cease and desist order. In the event of such consent or if after the meeting the commissioner should find that the grounds specified in the notice have been established, the commissioner may issue an order to cease and desist from the violation or practice. Such order may require the violator to cease and desist from any such violations or practice and to further take affirmative action to correct the conditions resulting from such violation or practice. B. Any order issued pursuant to this Section shall become effective upon service thereof in person or by registered mail on the violator, and shall remain effective except to the extent modified, stayed, terminated, or set aside by action of the commissioner or of the district court of the judicial district in which the state bank is domiciled. C. The commissioner may apply to the district court in the parish of domicile of the violator for the enforcement of any order issued pursuant to this Section and such court shall have the jurisdiction and power to order and require compliance therewith. D. All proceedings other than judicial proceedings pursuant to this Section shall be exempt from the Public Records Act as provided in R.S. 44:4. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:124 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§124. Call reports; statement of financial condition

RS 124 - Call reports; statement of financial condition Four times a year, at the end of each calendar quarter, the commissioner shall require each state bank, savings and loan association, and savings bank to report to him, in the manner prescribed, its current financial condition. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1985, No. 359, §1, eff. July 9, 1985; Acts 1991, No. 199, §1, eff. July 2, 1991; Acts 1992, No. 64, §1, eff. Sept. 1, 1992; Acts 1993, No. 883, §1, eff. Oct. 1, 1993; Acts 1997, No. 47, §1.
LA Rev Stat § 6:124.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§124.1. Community reinvestment rating; acceptance of public funds

RS 124.1 - Community reinvestment rating; acceptance of public funds A. The legislature hereby finds and declares that: (1) Regulated financial institutions are obligated to demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business. (2) The convenience and need of communities include the need for credit services as well as deposit services. (3) Regulated financial institutions have a continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered. (4) Since 1977, the federal Community Reinvestment Act (12 U.S.C. §2901 et seq.) has required that each financial institution receive an annual rating indicating the degree to which the institution has met such community credit needs. B. Each financial institution shall include in its statement of condition required by R.S. 6:124, at a minimum, a single sentence, printed in boldface type, which states its most recent rating received pursuant to the federal Community Reinvestment Act. Notwithstanding any other provision of R.S. 6:124 to the contrary, such rating need not be included in the financial institution's statement of condition to be submitted to the office of financial institutions. C. Repealed by Acts 2013, No. 32, §2. Acts 1992, No. 776, §1; Acts 1993, No. 509, §1, eff. April 1, 1994; Acts 1994, 3rd Ex. Sess., No. 61, §1, eff. July 6, 1994; Acts 1997, No. 65, §1; Acts 2002, 1st Ex. Sess., No. 162, §1, eff. April 26, 2002; Acts 2013, No. 32, §2.
LA Rev Stat § 6:125 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§125. Reports of financial condition

RS 125 - Reports of financial condition Upon their request, the commissioner shall report to the governor, any statewide elected officials, or any member of the legislature on the condition of the state-chartered financial institutions under his jurisdiction. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1999, No. 261, §1.
LA Rev Stat § 6:126 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§126. Assessments on financial institutions; disposition of fees; creation of special fund

RS 126 - Assessments on financial institutions; disposition of fees; creation of special fund A. Every financial institution subject to the jurisdiction of the office of financial institutions shall be assessed by the commissioner as provided by law or regulation. The commissioner shall have the authority to promulgate regulations affecting assessments and fees levied upon financial institutions and to amend existing regulations to change assessments periodically as he deems necessary and appropriate. B.(1) Subject to the exceptions contained in Article VII, Section 9 of the Constitution of Louisiana, all monies, funds, proceeds, and fees received or collected by the commissioner under the provisions of Titles 6, 9, and 51 of the Louisiana Revised Statutes of 1950 and any other provision of law, as well as all regulations promulgated thereunder, shall be deposited immediately upon receipt into the state treasury and shall be credited to the Bond Security and Redemption Fund. (2), (3), and (4) REPEALED BY ACTS 1992, No. 984, §18. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1985, No. 766, §1; Acts 1986, No. 465, §1, eff. July 1, 1986; Acts 1992, No. 232, §1, eff. Sept. 30, 1992; Acts 1992, No. 984, §18.
LA Rev Stat § 6:127 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§127. Retention of records of financial institutions; microfilm

RS 127 - Retention of records of financial institutions; microfilm A. The commissioner may by regulation prescribe periods of time for the retention of records by any financial institution subject to his supervision. Records of any financial institution, including records of financial institutions not subject to the commissioner's supervision, that have been retained for the periods so prescribed may thereafter be destroyed, and no liability shall thereby arise against, or attach to, the financial institution destroying them. In any legal action in which any such records may be called in question or demanded of any financial institution or any officer, employee, or other agent thereof, a showing that the periods so prescribed have elapsed shall be a sufficient defense for the failure to produce them by reason of their destruction. B. Any records required to be retained pursuant to this Section or regulations promulgated hereunder may be reproduced by any photographic, photostatic, microfilm, microcard, or miniature or microphotographic process, or by any mechanical or electronic recording or re-recording, electronic or optical imaging, chemical process, or other process or technique which accurately reproduces the original or forms or creates a durable medium for accurately reproducing the original record. C. Except as otherwise provided in R.S. 13:3733.1, each reproduction shall be treated for all purposes as if it were the original record, item, document, or instrument. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1991, No. 283, §1; Acts 1995, No. 1093, §1; Acts 1997, No. 39, §1; Acts 1999, No. 123, §1, eff. June 9, 1999.
LA Rev Stat § 6:128 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§128. Financial institutions' holidays; regulations

RS 128 - Financial institutions' holidays; regulations A. Repealed by Acts 1995, No. 1248, §2, eff. June 29, 1995. B. Whenever it is customary or desirable to observe a day or part of a day as a holiday, any financial institution may, at its option, close for business any or all of its branches or offices, provided that: (1) Its board of directors adopts a resolution signifying its intention to close, written notice of which shall be sent to the commissioner; and (2) Prior notice of at least three business days shall be provided by the posting of notices or by publication in one issue of a newspaper of general circulation published in the parish in which the office to be closed is located or through other means of notification. C.(1) The commissioner may issue regulations establishing additional holidays for financial institutions governed by this Title. (2) The commissioner may authorize a financial institution to take a holiday or holidays if an emergency arises. Permission to take such a holiday or holidays may be requested by telephonic or facsimile communication with the office of the commissioner. D. Nothing contained in any law of this state shall in any manner whatsoever affect the validity of, or render void or voidable the payment, certification, or acceptance of a check or other negotiable instrument or any other transaction by a financial institution in Louisiana because done on any holiday, if the payment, certification, acceptance, or transaction could have validly been done on any other day. E. The provisions of this Section are comprehensive, and are intended to and shall be construed as constituting the entire and exclusive authority governing holidays of financial institutions in the state, notwithstanding the provisions of R.S. 1:55 or any other statute, rule, or regulation governing the same or similar subject matter. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1986, No. 3, §1; Acts 1989, No. 132, §1, eff. June 22, 1989; Acts 1989, No. 245, §1; Acts 1991, No. 281, §1; Acts 1995, No. 1248, §2, eff. June 29, 1995; Acts 1997, No. 42, §1.
LA Rev Stat § 6:129 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§129. Circulating rumor respecting condition of financial institution

RS 129 - Circulating rumor respecting condition of financial institution Any employee of the office of financial institutions who makes, circulates, or transmits in violation of the policies of the office of financial institutions any written, printed, or spoken statement, rumor, report, or suggestion concerning the financial condition of any financial institution organized under the laws of this state shall be dismissed from the office. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:130 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§130. Relocation of main office

RS 130 - Relocation of main office The commissioner shall promulgate rules and regulations providing for the establishment and relocation of bank offices. Acts 1995, No. 1248, §1, eff. June 29, 1995.
LA Rev Stat § 6:131 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§131. Applicability

RS 131 - Applicability This Part applies to the decision of the commissioner to: A. Grant a certificate of authority for: (1) The organization of a bank or savings and loan association. (2) The opening of a branch of an existing bank, trust company, or savings and loan association. B. Grant permission for: (1) A bank, trust company, or savings and loan association to convert from a national charter to a state charter. (2) The merger or consolidation of banks, trust companies, or savings and loan associations. (3) The transfer of assets of a bank, trust company, or savings and loan association. (4) The voluntary dissolution of a bank, trust company, or savings and loan association. Acts 1986, No. 730, §1.
LA Rev Stat § 6:132 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§132. Written decision; reasons; hearing

RS 132 - Written decision; reasons; hearing A. A decision of the commissioner shall be in writing and mailed to the applicant and to any other person who had requested a copy thereof. B. The commissioner may, in his sole discretion, assign written reasons for his decision which shall be released only to the applicant. C. The commissioner shall not be required to grant a hearing to any person. Acts 1986, No. 730, §1.
LA Rev Stat § 6:133 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§133. Reconsideration of decision

RS 133 - Reconsideration of decision A. A person aggrieved by a decision of the commissioner may file an application for reconsideration by the commissioner. An application for reconsideration must be received by the commissioner within fifteen days of his mailing of the original decision on the matter. The right to apply for reconsideration does not automatically stay the decision or enforcement of the decision of the commissioner. B. An application for reconsideration shall be in writing, identify the decision for which reconsideration is requested, and must include all additional evidence or argument that the applicant wants considered. No hearing or oral argument shall be allowed. C. The commissioner shall consider the application for reconsideration and render a decision, in writing, which shall be mailed to the applicant and to all persons who had requested a copy of the original decision. The commissioner may, in his sole discretion, assign written reasons which shall be released only to the applicant. Acts 1986, No. 730, §1.