reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:969.51 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.51. GAP coverage; requirements

RS 969.51 - GAP coverage; requirements A. Debt waiver or debt forgiveness agreements may be offered, sold, or provided to consumers in this state in compliance with this Chapter. B. Debt waiver or debt forgiveness agreements shall be sold for a single premium. C. Notwithstanding any other provision of law to the contrary, any cost to a consumer for a debt waiver or debt forgiveness agreement entered into in compliance with The Truth in Lending Act, 15 U.S.C. 1601 et seq., and its implementing regulations, as they may be amended from time to time, shall be separately stated and shall not be considered a finance charge or interest. D. A seller shall insure its debt waiver or debt forgiveness agreement's obligations under a contractual liability or other insurance policy issued by an insurer. A lender, other than a seller, may insure its debt waiver or debt forgiveness agreement's obligations under a contractual liability policy or other such policy issued by an insurer. Any such insurance policy may be directly obtained by a lender, seller, or may be procured by an administrator to cover a lender's or seller's obligations; however, sellers that are lessors on motor vehicles shall not be required to insure obligations related to debt waiver or debt forgiveness agreements on such leased vehicles. E. The debt waiver or debt forgiveness agreement remains a part of the contract upon the assignment, sale, or transfer of such contract by the seller or lender. F. Neither the extension of credit, the term of credit, nor the term of the related motor vehicle sale or lease may be conditioned upon the purchase of a debt waiver or debt forgiveness agreement. G. Any seller or lender that offers a debt waiver or debt forgiveness agreement shall report the sale of, and forward funds received on, all such waivers to the designated party, if any, as prescribed in any applicable administrative services agreement, contractual liability policy, other insurance policy, or other specified program documents. Acts 2006, No. 280, §1; Acts 2010, No. 374, §1.
LA Rev Stat § 6:969.52 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.52. Liability; contractual or insurance policies

RS 969.52 - Liability; contractual or insurance policies A. Contractual liability or other insurance policies insuring debt waiver or debt forgiveness agreements shall state the obligation of the insurer to reimburse or pay to the creditor any sums the lender is legally obligated to waive under the debt waiver or debt forgiveness agreement issued by the seller or lender and purchased or held by the consumer. B. Coverage under a contractual liability or other insurance policy insuring a debt waiver or debt forgiveness agreement shall also cover any subsequent assignee upon the assignment, sale, or transfer of the contract. C. Coverage under a contractual liability or other insurance policy insuring a debt waiver or debt forgiveness agreement shall remain in effect unless cancelled or terminated in compliance with applicable insurance laws of this state. D. The cancellation or termination of a contractual liability or other insurance policy shall not reduce the insurer's responsibility for debt waiver or debt forgiveness agreements issued by the seller or lender prior to the date of cancellation or termination and for which premium has been received by the insurer. Acts 2010, No. 374, §1.
LA Rev Stat § 6:969.53 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§969.53. Cancellation

RS 969.53 - Cancellation A. Debt waiver or debt forgiveness agreements may be cancelled. Debt waiver or debt forgiveness agreements shall provide that if a consumer cancels a waiver within the "free-look period", the consumer shall be entitled to a full refund of the purchase price, so long as no benefits have been provided; or in the event benefits have been provided, the consumer may receive a full or partial refund pursuant to the terms of the waiver. B. In the event of a consumer cancellation of the debt waiver or debt forgiveness agreement or early termination of the contract, after the agreement has been in effect beyond the "free-look period", the consumer is entitled to a refund of any unearned portion of the purchase price of the waiver on terms no less favorable to the consumer than the method of refund commonly known as the "Rule of 78s" or the "sum of digits" refund method. In order to receive a refund, the consumer, in accordance with any applicable terms of the waiver, shall provide a written request to the lender, administrator, or other party. C. If the cancellation of a debt waiver or debt forgiveness agreement occurs as a result of a default under the contract or the repossession of the motor vehicle associated with the contract, or any other termination of the contract, any refund due may be paid directly to the lender or administrator and applied as set forth in Subsection D of this Section. D. Any cancellation refund under the provisions of this Section may be applied by the lender as a reduction of the amount owed under the contract, unless the consumer can show that the contract has been paid in full. E. No consumer shall be charged a cancellation fee. Acts 2010, No. 374, §1.
LA Rev Stat § 6:970 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§970. Purchase, merger, or consolidation of impaired financial institutions

RS 970 - Purchase, merger, or consolidation of impaired financial institutions Notwithstanding any other provisions of this Title, whenever a conservatorship of a state bank has been commenced pursuant to R.S. 6:381 et seq., when the commissioner has taken possession of a savings and loan association pursuant to R.S. 6:872 et seq., or when the commissioner has placed a credit union in involuntary liquidation pursuant to R.S. 6:646 et seq., the commissioner may approve the sale of assets and assumption of liabilities, merger, or consolidation of the impaired financial institution to or with another financial institution. Before authorizing the proposed purchase, merger, or consolidation, the commissioner shall examine the qualifications, responsibility, and standing of the prospective purchase, merger, or consolidation candidate. He shall refuse to authorize the transaction if he finds that the public interest will not be served. Acts 1985, No. 107, §1; Acts 1993, No. 457, §1, eff. Jan. 1, 1994.
LA Rev Stat § 6:971 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§971. Approval of transaction; priorities

RS 971 - Approval of transaction; priorities A. In considering transactions under this Chapter, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana, and the need to preserve the strength and soundness of the banking system. The commissioner shall authorize transactions under this Chapter considering the following priorities in this order: (1) Between financial institutions of the same type within the same parish. (2) Between financial institutions of the same type anywhere within the state. (3) Between financial institutions of different types within the same parish. (4) Between financial institutions of different types anywhere within the state. B. In considering transactions between financial institutions in different parishes, the commissioner shall give priority to prospective purchasers, merger, or consolidation candidates from adjoining parishes. Acts 1985, No. 107, §1.
LA Rev Stat § 6:972 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§972. Retention of branches

RS 972 - Retention of branches Any financial institution created by operation of this Chapter may retain and operate any existing branch or branches of the financial institution merged with or acquired under the provisions of R.S. 6:971. Such financial institution, however, shall be subject to the conditions upon which it may establish and operate branches within the state. Acts 1985, No. 107, §1.
LA Rev Stat § 6:973 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§973. Prohibited insurance activities

RS 973 - Prohibited insurance activities If a bank or bank holding company acquires a savings and loan association, the surviving financial institution or bank holding company and its subsidiaries shall not engage in any insurance activity except an insurance activity authorized by R.S. 6:242. Acts 1985, No. 107, §1; Acts 1997, No. 1475, §1, eff. July 15, 1997.
LA Rev Stat § 6:974 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§974. Acquisition of state bank in impaired condition

RS 974 - Acquisition of state bank in impaired condition A. Notwithstanding any other provisions of this Title, upon a determination by the commissioner of financial institutions that a state bank is in such an impaired condition that it may fail, the commissioner may approve the sale of assets and assumption of liabilities, merger, or consolidation of the failing state bank or its holding company, if any, by another bank or a bank holding company domiciled in this state. In considering transactions under this Section, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana and the need to preserve the strength and soundness of the banking system. B. The commissioner may authorize purchases, mergers, or consolidations under this Section considering the following priorities in the following order: (1) Between entities domiciled in the same parish; (2) Between entities domiciled in adjoining parishes; (3) Between entities domiciled in any parish of the state. C. For the purposes of this Section and no other, the commissioner may determine that a state bank is a failing bank if all the following exist: (1) It has an adjusted capital to assets ratio of less than four percent, according to the latest examination by the office of financial institutions or the Federal Deposit Insurance Corporation. (2) It is the conclusion of the commissioner that the bank has major and serious problems or unsafe and unsound conditions which are not being satisfactorily addressed or resolved. (3) It is the conclusion of the commissioner that the bank has a high potential for failure, although failure is not necessarily imminent. D. Upon an acquisition of a failing bank as authorized by this Section, the acquiring or surviving entity may do any of the following: (1) Retain and operate as a branch bank any existing office of the acquired bank. (2) Be authorized to apply for additional branches in the parish of domicile of the acquired bank. (3) Merge the acquired bank with a bank subsidiary of the acquirer or itself, if it is a bank at any time following the acquisition. After such a merger, the surviving bank may utilize Paragraphs (1) and (2) of this Subsection. E. Nothing contained herein shall be construed to alter, amend, or repeal the provisions of R.S. 6:351 et seq., or of R.S. 6:517, or of Part I of Chapter 6 of this Title, R.S. 6:501, et seq. Acts 1986, No. 975, §1, eff. July 14, 1986; Acts 1986, No. 197, §1.
LA Rev Stat § 6:975 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§975. §§975, 976 Repealed by Acts 1972, No. 454, §3, eff. Jan. 1, 1973.

RS 975 - §§975, 976 Repealed by Acts 1972, No. 454, §3, eff. Jan. 1, 1973.
LA Rev Stat § 6:1001 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1001. Title

RS 1001 - Title This Chapter shall be known and may be cited as the "Louisiana Check-Cashing Law". Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1002 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1002. Definitions

RS 1002 - Definitions For the purposes of this Chapter: (1)(a) "Check-casher" means an individual, partnership, unincorporated association, or corporation that, for compensation, engages, in whole or in part, in the business of cashing checks, drafts, money orders, or other commercial paper serving the same purpose. (b) "Check-casher" does not mean either one of the following: (i) An individual, partnership, unincorporated association, or corporation that charges no fee to the presenter or payor for the cashing of a check, draft, money order, or traveler's check. (ii) An individual, partnership, unincorporated association, or corporation that cashes a check, draft, money order, or traveler's check, or other commercial paper if the fee charged does not exceed two dollars and the currency exchange is incidental to the person's primary business. (2) "Commissioner" means the commissioner of financial institutions. (3) "Currency exchange" means the cashing of checks, drafts, money orders, or traveler's checks, or other commercial paper serving the same purpose by a check-casher. (4) "Licensee" means a check-casher licensed by the commissioner to engage in business in accordance with this Chapter. Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2000, 1st Ex. Sess., No. 31, §1.
LA Rev Stat § 6:1003 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1003. License; certificates

RS 1003 - License; certificates Beginning January 1, 2000, a person engaging in currency exchange shall obtain a license from the commissioner. A person may engage in such business at more than one location with one license. The commissioner shall issue a certificate for each currency exchange location in addition to the license. Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1004.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1004.2. Enforcement powers of the commissioner

RS 1004.2 - Enforcement powers of the commissioner A. The commissioner may, in his discretion, conduct such investigations as he deems necessary to ascertain possible violations of this Chapter or any rule, regulation, or order promulgated or issued in connection therewith. 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 Chapter or any rule, regulation, or order promulgated or issued in connection therewith, 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 Chapter or any rule, regulation, or order promulgated or issued in connection therewith, shall be subject to appropriate action by the commissioner. Such action shall include but shall not be limited to the issuance of orders to cease and desist or to assess civil money penalties, entering into compliance agreements, seeking injunctive relief from a court of competent jurisdiction, or any combination thereof. B. The commissioner, in addition to or in place of suspension or revocation of a license, may fine up to five hundred dollars for each violation any person who violates any provision of this Chapter. C. The commissioner may maintain a civil action in a court of competent jurisdiction to recover such fines, together with any costs and attorney fees incident to such action. Acts 1999, No. 1124, §1; Acts 2006, No. 767, §1.
LA Rev Stat § 6:1005 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1005. Qualifications

RS 1005 - Qualifications The commissioner shall evaluate the financial responsibility, financial condition, business experience, and the character and general fitness of the applicant. The commissioner may investigate and consider the qualifications of officers and directors of an applicant to determine whether this qualification has been met. Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2000, 1st Ex. Sess., No. 31, §1.
LA Rev Stat § 6:1006 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1006. Approval or denial of application

RS 1006 - Approval or denial of application A. No later than the sixtieth day after the date a complete application has been received, the commissioner shall approve or deny the application and so notify the applicant. B.(1) The commissioner shall issue a license to the applicant and a certificate for each currency exchange location if the application has been approved, the qualifications have been met, and the requisite fees have been paid. (2) If the commissioner denies the application, the commissioner shall notify the applicant in writing of the reasons for denial. (3) An applicant may appeal the decision of the commissioner pursuant to the Administrative Procedure Act. C.(1) Any person whose application or renewal application for licensure under this Chapter has been denied for any reason may not reapply for a license under this Chapter until after at least three years from the date of the order of denial unless the commissioner, in his sole discretion, prescribes an earlier or later date. (2) For purposes of this Subsection: (a) The term "order" shall mean the date of the commissioner's notification of denial of the person's application. (b) The term "person" shall include the applicant, its owners, and its members if the applicant is a limited liability company, its partners if the applicant is a partnership, its officers and directors if the applicant is a corporation, and any other person determined by the commissioner, in his sole discretion, to be closely related to the person. Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2006, No. 767, §1.
LA Rev Stat § 6:1007 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1007. Change of name or location

RS 1007 - Change of name or location A. In the event that a licensee wishes to change its name, trade name, or assumed name and such change is not due to a change in ownership or legal entity, the licensee shall notify the commissioner in writing thirty days prior to such change and submit a fee of fifty dollars per certificate not to exceed three thousand dollars. If the licensee fails to notify the commissioner or remit the required fee within the required thirty days, the commissioner may assess the licensee an amount not to exceed one hundred dollars as a penalty. B. If a licensee adds a new location or changes the location of a currency exchange, the licensee shall notify the commissioner thirty days prior to such change and submit a fee of fifty dollars per certificate not to exceed three thousand dollars. If the licensee fails to notify the commissioner or remit the required fee within the required thirty days, the commissioner may assess the licensee an amount not to exceed one hundred dollars as a penalty. C. If the application is approved, the commissioner shall issue a certificate for the new location or locations. Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2006, No. 767, §1.
LA Rev Stat § 6:1008 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1008. Suspension or revocation of license; hearing; surrender of license; administrative fines

RS 1008 - Suspension or revocation of license; hearing; surrender of license; administrative fines A. The commissioner may suspend or revoke any license if the commissioner determines any one or more of the following has occurred: (1) The licensee or any officer or director of a corporate licensee has violated any provision of this Chapter. (2) The licensee or any officer or director of a corporate licensee has violated any provision of law which would indicate that the person is untrustworthy or is not qualified to operate a currency exchange, such as acts of fraud, misrepresentation, and other similar acts. (3) The commissioner discovers facts that existed when the initial or renewal application for the license was made which would have warranted denial of the license. (4) The licensee has failed to pay a fine assessed pursuant to this Chapter. B.(1) A license shall not be suspended or revoked or a fine assessed until after a hearing. (2) The commissioner shall give the licensee not less than twenty days from the mailing of written notice by certified mail, addressed to the principal place of business of the licensee, of the time and place of hearing. (3) Any order of the commissioner suspending or revoking a license or assessing a fine shall state the grounds upon which the suspension, revocation, or fine is based and shall state an effective date for the suspension or revocation, or a date by which the fine shall be paid. C.(1) A suspended or revoked license shall be surrendered by the licensee along with all location certificates to the commissioner in person or by first class mail within seven calendar days of the effective date of the suspension or revocation. (2) The surrender shall not affect the licensee's civil or criminal liability for acts committed before the surrender, nor shall the surrender affect the liability on the bond required by this Chapter. (3) The licensee shall not be entitled to a refund of license fees paid. D. Each transaction in violation of a provision or requirement of this Chapter shall constitute a separate violation. Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1009 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1009. Regulation of fees; unreasonable fees; display of fees

RS 1009 - Regulation of fees; unreasonable fees; display of fees A. Notwithstanding any other provision of law to the contrary, no check-casher licensed or regulated under this Chapter shall directly or indirectly charge or collect fees or other consideration for rendering currency exchange services in excess of the following: (1) Two percent of the total amount of the check presented for cashing or five dollars, whichever is greater, for checks issued by or drawn upon the account of a public welfare or public assistance agency of the United States, the state of Louisiana, or any political subdivision of the state. (2) Ten percent of the total amount of the check presented for cashing or five dollars, whichever is greater, for all other checks or for money orders. B. All fees charged by a licensee for rendering currency exchange services shall be prominently displayed on the premises of the currency exchange location in such manner as the commissioner requires. Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2000, 1st Ex. Sess., No. 31, §1; Acts 2004, No. 775, §1.
LA Rev Stat § 6:1010 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1010. Repealed by Acts 2004, No. 370, §1.

RS 1010 - Repealed by Acts 2004, No. 370, §1.
LA Rev Stat § 6:1011 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1011. Powers; limitations; prohibitions

RS 1011 - Powers; limitations; prohibitions A licensee shall not accept money or currency for deposit or act as bailee or agent for any person to hold money or currency in escrow for others for any purpose. However, a licensee may act as agent for a person licensed under the Sale of Checks and Money Transmission Act, Chapter 13 of this Title. Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1012 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1012. Violations; criminal penalties; civil liability

RS 1012 - Violations; criminal penalties; civil liability A. A violation of any provision or requirement of this Chapter is a misdemeanor and shall be punishable by a fine of not less than two hundred and fifty dollars but not more than five hundred dollars, imprisonment for a term of not more than six months, or both. Each transaction in violation of any provision or requirement of this Chapter shall constitute a separate offense. B. The commissioner, through an administrative action or the district attorney of any judicial district, may maintain an action to enjoin violations of this Chapter. C. Costs and reasonable attorney fees shall be awarded to the commissioner or a district attorney in all injunctive actions when the commissioner or district attorney successfully enforces this Chapter. Acts 1999, No. 1208, §1, eff. July 9, 1999.