reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:1308 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1308. Disclosure of examination reports and other reports

RS 1308 - Disclosure of examination reports and other reports A. The commissioner may disclose information gathered by examination and through reports from a savings bank in accordance with R.S. 6:103. B. The commissioner may promulgate regulations to allow disclosure to other than those cited herein but only for the following items: (1) All fixed orders and opinions made in cases of appeals of the commissioner's actions. (2) Statements of policy and interpretations adopted by the commissioner's office but not otherwise made public. (3) Nonconfidential portions of application files, including applications for new charters. The commissioner may specify by rule as to what part of the files are confidential. (4) Quarterly reports of income, deposits, and financial condition. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1309 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1309. Examination of data processing centers

RS 1309 - Examination of data processing centers The commissioner may examine any data processing center that provides data processing or related services to a savings bank with the same frequency as the savings bank served. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1310 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1310. Annual directors' examinations

RS 1310 - Annual directors' examinations The commissioner shall require at least once in each year that each savings bank cause its books, records, and accounts to be examined in accordance with a regulation promulgated by the commissioner. Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2001, No. 530, §1. NOTE: See Acts 2001, No. 530, §2, relative to effective date.
LA Rev Stat § 6:1311 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1311. Unsafe and unsound; orders of prohibition and removal

RS 1311 - Unsafe and unsound; orders of prohibition and removal A. The violation of any of the following provisions of this Part is deemed to be an unsafe and unsound practice and creates an unsafe and unsound condition in the savings bank. The savings bank or the institution-affiliated party responsible for such violation may be subject to the assessment of civil money penalties and other enforcement powers of the commissioner as specified in this Title. B. Continued violation of any such provisions after the commissioner issues formal notice to correct, shall subject the directors of the savings bank at fault to immediate removal from the board and to a permanent order of prohibition from direct or indirect participation in the affairs of any financial institution governed by Title 6 of the Louisiana Revised Statutes of 1950. C. The commissioner shall promulgate rules and regulations to implement this Part. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1312 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1312. Cease and desist proceedings

RS 1312 - Cease and desist proceedings A. If, in the opinion of the commissioner, or in the opinion of any federal banking agency which provides complete and documented evidence to the commissioner, an officer, director, or controlling stockholder of a savings bank operating under this Chapter or a subsidiary or an affiliate of an institution operating under this Chapter, is engaging in, has engaged in, is about to engage in, or is conspiring to engage in one or more unsafe or unsound practices in conducting the institution's business; is, has, or is about to violate an applicable law, regulation, or a directive of the commissioner or of the Federal Deposit Insurance Corporation; or has not complied with a condition imposed in writing by the commissioner or the Federal Deposit Insurance Corporation, or of any court of law, then the commissioner, may, in his discretion, issue to the violator notice of charges resulting from the violation. B. Such notice of charges shall factually specify the act or violations committed; specify the law, rule, order, decree, directive, or condition violated; specify necessary curative measures and a time within which to cure; and impose any penalties or sanctions mandated by law or regulation. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1313 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1313. Procedure upon the impairment of capital

RS 1313 - Procedure upon the impairment of capital A. If the commissioner finds from a report of examination or such other required report of a savings bank that the capital is impaired, he shall, in his discretion, institute whichever of the following procedures is appropriate: (1) Direct that the board of directors either: (a) Require the stockholders to contribute an amount at least sufficient to eliminate the impairment; or (b) Reduce the par value of the capital stock in at least the amount of the impairment and allocate such reduction to undivided profits or reserves to absorb the loss which created the impairment. (2) Take custody of the savings bank under Part X of this Chapter, establish a conservatorship, and proceed to merge, sell, or otherwise dispose of the savings bank in a manner which will remove the capital impairment, remove operating losses, and restore compliance with all capital requirements. (3) Declare the stock worthless, and order the directors to cancel the stock or order the directors to sell, merge, or otherwise restructure the savings bank in a manner which will remove the capital impairment, eliminate operating losses, and restore compliance with all capital requirements. B. The commissioner may promulgate rules to implement this procedure if necessary. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1314 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1314. Administrative review

RS 1314 - Administrative review Any person affected by a decision of the commissioner may have such decisions reviewed only under and in accordance with the Administrative Procedure Act, and only if such person files with the commissioner, within ten days of receipt or service of a copy of a final decision sought to be reviewed, a written notice of intent to seek review under such law. The provisions of the Administrative Procedure Act shall apply and govern all proceedings for the judicial review of final administrative decisions of the commissioner under this Chapter. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1321 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1321. Conservatorships of savings banks

RS 1321 - Conservatorships of savings banks The commissioner in his sole discretion may take custody of, and appoint a conservator for, the property, liabilities, books, records, business, and assets of every kind and character of any savings bank in accordance with the provisions of R.S. 6:381 et seq. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1322 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1322. Involuntary liquidation procedures

RS 1322 - Involuntary liquidation procedures The commissioner, upon his appointment as conservator, may determine to liquidate a state savings bank and appoint a receiver in accordance with the provisions of R.S. 6:391 et seq. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1331 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1331. Affirmative action to correct conditions resulting from violations of law, regulations, orders, or from practices

RS 1331 - Affirmative action to correct conditions resulting from violations of law, regulations, orders, or from practices The commissioner is hereby granted authority to issue orders under this Chapter, which orders shall require a savings bank or an institution-affiliated party to take affirmative action to correct any conditions resulting from any violations or practices cited with respect to the order. The order may require the savings bank or the institution-affiliated party to: (1) Make restitution, provide reimbursement, indemnification, or guarantees for or against losses if: (a) The savings bank or the institution-affiliated party was unjustly enriched or received direct or indirect personal benefit in connection with such violation or practice, or; (b) The violation or practice involved a reckless disregard for applicable laws, regulations, or written agreements or written orders of the commissioner or other appropriate regulator. (2) Restrict the savings bank's growth or institute appropriate operating restrictions. (3) Dispose of any loan or asset involved. (4) Rescind agreements or contracts. (5) Submit candidates for future directors, employees, or officers, to the commissioner for approval. (6) Take any other actions the commissioner deems necessary. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1332 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1332. Cease and desist; books and records

RS 1332 - Cease and desist; books and records A. If the notice of charges and orders referred to in R.S. 6:1331 specifies that the books and records of a savings bank are so incomplete and inaccurate that the commissioner is unable to determine the financial condition of the savings bank, or is unable to determine the nature, details, or purpose of any transaction which may have a material effect on the savings bank's financial condition, then the commissioner shall issue an order which shall be immediately effective requiring: (1) Specific, affirmative steps to restore, reconstruct, or adjust the books and records to accuracy and compliance. (2) Rescission or cessation of transactions or activities which led to the incomplete or inaccurate condition of the books and records. (3) The establishment of reserves for any losses which the commissioner finds were incurred due to the condition of the books and records. B. This order shall be effective either until the commissioner's examination determines the condition has been corrected or is to be corrected or until the requirements for Part X of this Chapter are met. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1333 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1333. Removal and prohibition authority

RS 1333 - Removal and prohibition authority A. In addition to other provisions of this Chapter concerning officers and directors, the commissioner may remove from any savings bank operating under this Chapter any officer, director, employee, or agent of such a savings bank if he finds that: (1) Such person has directly or indirectly violated any law, regulation, or order including orders, conditions, and agreements between the savings bank and the commissioner or its federal regulators; (2) Such person has breached his fiduciary or professional responsibilities to the savings bank; or (3) Such person has similarly behaved toward any other insured depository institution or otherwise regulated entity or that the person or persons are the subject of any final order issued by the federal insurer, the Office of the Comptroller of the Currency, the Federal Reserve Board, a state financial institutions regulator, the Securities and Exchange Commission, or by a state or federal court of law. B. By reason of the violation or breach described in Paragraphs (1) through (3) of Subsection A of this Section, the commissioner may serve upon any party a written notice of the commissioner's intention to remove or suspend the party from office in the savings bank or to prohibit any further participation by the party, in any manner, in the conduct of the affairs of any insured depository institution if he finds that: (1)(a) Any savings bank, other insured depository institution, or other regulated entity has or probably will suffer financial loss or other damage; (b) The interests of the savings bank's depositors or other insured depository institution's depositors have been or could be prejudiced; or (c) Such party has received financial gain or other benefit by reason of such violation in breach; and (2) Such violation or breach involves personal dishonesty on the part of such party or demonstrates willful or continuing disregard by such party for the safety and soundness of such savings bank or other insured depository institutions. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1334 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1334. Industry-wide prohibition

RS 1334 - Industry-wide prohibition A. In general, except as provided in regulations by the commissioner, any person who has been removed or suspended from office in a savings bank operating under this Chapter or prohibited from participating in the conduct of the affairs of a savings bank operating under this Chapter shall not, while such order is in effect, continue or begin to hold any office in or participate in any manner in the conduct of the affairs of any financial institution regulated by the state of Louisiana. B. Any violation of Subsection A of this Section by any person who is subject to an order described in that Subsection shall be treated as a violation of the order. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1335 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1335. Institution-affiliated party

RS 1335 - Institution-affiliated party As used in this Chapter, the term "institution-affiliated party" means: (1) A director, officer, employee, agent, or controlling stockholder of a savings bank operating under this Chapter. (2) A person who has filed or is required to file a change-in-control notice with the commissioner. (3) A shareholder of, consultant to, joint venture partner of, or an independent contractor, including accountants, appraisers, and attorneys, for a savings bank. (4) Any other person who participates in a significant way in the affairs of a savings bank under this Chapter. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1336 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1336. Civil money penalties

RS 1336 - Civil money penalties A. The commissioner may assess and the savings bank in question shall pay to the commissioner a civil money penalty of not more than one thousand dollars for each day during which the violation continues, beginning upon the day the violation first occurred, whenever the commissioner finds that a savings bank operating under this Chapter, or an institution-affiliated party has: (1) Violated any law or regulation; (2) Violated any final order of the commissioner or of any federal banking regulator; (3) Violated any condition imposed in writing by the commissioner in connection with the approval of an application or other request by such savings bank; or (4) Violated any written agreement between the commissioner and the savings bank. B. The commissioner shall assess and the savings bank or institution-affiliated party shall pay to the commissioner a civil money penalty of no more than five thousand dollars for each day during which the violation, practice, or breach continued, beginning with the first day of occurrence, whenever the commissioner finds that a violation listed in Subsection A of this Section was part of a pattern of misconduct that caused loss or is likely to cause loss to the savings bank or resulted in gain or benefit to the savings bank or institution-affiliated party, and that the violation also was accompanied by behavior which: (1) Recklessly engaged in any unsafe or unsound practice in conducting the business of the savings bank; or (2) Involved the breach of any fiduciary duty. C. Whenever the violation, practice, or breaches of duty described in Subsections A and B of this Section are committed knowingly and whenever such commission knowingly and recklessly causes substantial loss to a savings bank operating under this Chapter or results in substantial pecuniary gain or benefit to the party who committed the practice, breach, or violation, then the commissioner may assess, and the savings bank or institution-affiliated party shall pay to the commissioner, a civil money penalty of: (1) Ten thousand dollars per day if the payor is an institution-affiliated party; or (2) The lesser of ten thousand dollars per day or one percent of the savings bank's total assets when the payor is a savings bank. D. The commissioner shall assess the civil money penalties described in this Section in accordance with R.S. 6:121.1. E. The commissioner may compromise, modify, or remit any penalty which he may assess or has already assessed. In determining the amounts of penalties to assess, the commissioner shall consider: (1) The financial resources and good faith of the savings bank or institution-affiliated party. (2) The gravity of the violation, practice, or breach. (3) Any history of previous violations. (4) Other matters as justice and fundamental fairness may require. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1337 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1337. Effect of termination or resignation of an institution-affiliated party

RS 1337 - Effect of termination or resignation of an institution-affiliated party The resignation, termination of employment, or separation of an institution-affiliated party from the savings bank affected by such party's activities, shall not affect the jurisdiction and authority of this Part and of the commissioner to issue any appropriate notice or to take any appropriate action if the notice is served within five years of the party's ceasing to be an institution-affiliated party of the savings bank in question. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1338 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1338. Unauthorized participation by convicted individual

RS 1338 - Unauthorized participation by convicted individual A.(1) Any person who has been convicted of any criminal offense involving dishonesty or a breach of trust shall not participate, directly or indirectly, in any manner in the conduct of the affairs of a savings bank, except with the prior written consent of the commissioner. (2) A savings bank shall not permit such participation, except with the prior written consent of the commissioner. B. Whoever knowingly violates Subsection A of this Section shall be fined not more than ten thousand dollars for each day that such prohibition is violated or shall be imprisoned for not more than five years, or both. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1339 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1339. Perjury; false statements

RS 1339 - Perjury; false statements A. Any person who knowingly makes, causes, or allows someone else to cause to be made or to make a false statement, under the oath required by this Chapter, on any report or statement required by the commissioner, or to the commissioner, shall be subject to the provisions of R.S. 6:1336. B. When financial loss to a savings bank is caused by such statements, the penalties shall be commensurate with that loss. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1340 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1340. False advertising

RS 1340 - False advertising A. No savings bank shall issue, publish, or cause or permit to be issued or published, any advertisement which, in part or taken as a whole, is in any way false or misleading. B. The commissioner may require any association to file a true copy of the text of any advertisement in the office of the commissioner within two days after the issuance, circulation, or publication of such advertisement. All of the powers of this Part shall be available to the commissioner as the result of an association's violation of this Part. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1341 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1341. Prohibitive practices; additional

RS 1341 - Prohibitive practices; additional In addition to the provisions contained in R.S. 6:1337, 6:1338, 6:1339, and 6:1340, all of the provisions contained in Chapter 4 of this Title shall be applicable to all savings banks chartered under this Chapter as of September 1, 1990. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1351 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1351. Professional responsibility

RS 1351 - Professional responsibility Unless otherwise agreed in writing, attorneys licensed to practice law in this state and their law firms and licensed certified public accountants and their firms, while acting in the course and scope of providing legal, accounting, auditing, consulting, and other professional services to federally insured financial institutions, shall have no greater duty of professional responsibility to the institution, its shareholders, depositors, customers, creditors, or insurers than that required of attorneys under the Rules of Professional Conduct, Article XVI of the Appendix to Chapter 4 of Title 37 of the Louisiana Revised Statutes of 1950, and with respect to certified public accountants, the duty of professional responsibility shall be that established by generally accepted accounting principles and generally accepted auditing standards. Acts 1991, No. 602, §1.
LA Rev Stat § 6:1352 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1352. Professional liability

RS 1352 - Professional liability A. An attorney or licensed certified public accountant providing legal, accounting, auditing, consulting, or other professional services to a federally insured financial institution shall only be liable for actions or inactions based upon traditional concepts of legal or accounting malpractice judged under accepted standards within the locality where such attorney or certified public accountant practices. B. The Rules of Professional Conduct for attorneys and any rule promulgated by the State Board of Certified Public Accountants of Louisiana pursuant to R.S. 37:75 shall not be viewed as formulated malpractice rules and failure to comply with the requirements of those rules shall not be considered malpractice per se. Acts 1991, No. 602, §1.
LA Rev Stat § 6:1353 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1353. Officers and directors

RS 1353 - Officers and directors Attorneys or licensed certified public accountants serving as officers or directors, or both, of federally insured financial institutions while acting in that capacity are held to the same standard of fiduciary responsibility and liability as other non-attorney or non-certified public accountant officers and directors of the institution. Acts 1991, No. 602, §1.
LA Rev Stat § 6:1354 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1354. Imposition of greater standards; liability

RS 1354 - Imposition of greater standards; liability Any person who unsuccessfully attempts to impose a greater standard of responsibility or liability than that provided by this Chapter shall be liable for attorney fees incurred in the defense of such attempt and for damages, whether foreseeable or not. Acts 1991, No. 602, §1.
LA Rev Stat § 6:1361 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1361. Short title

RS 1361 - Short title This Chapter shall be known and may be cited as the "Automated Teller Machines/Night Depository Customer Safety Act". Acts 1995, No. 588, §1, eff. July 1, 1996.