reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:1013 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1013. Books of account; examinations

RS 1013 - Books of account; examinations A. The licensee shall maintain sufficient books, accounts, and records that will enable the commissioner to determine if the licensee is complying with the provisions of this Chapter and with the rules adopted by the commissioner. B. A licensee shall preserve the books, accounts, and records for at least two years after making the final entry. C.(1) The commissioner, through his employees, may examine the records of a licensee at any time during normal business hours without prior notice. (2) If the licensee's records are located outside this state, the licensee, at the commissioner's option, shall make them available to the commissioner at a location within this state convenient to the commissioner, or pay the reasonable and necessary expenses for the commissioner or his representatives to examine them at the place where they are maintained. The commissioner may designate representatives, including comparable officials of the state in which the records are located, to inspect them on his behalf. Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1013.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1013.1. Cashing federal and state treasury checks; records retention

RS 1013.1 - Cashing federal and state treasury checks; records retention A. No licensee shall cash a United States Treasury tax refund check or state tax refund check in an amount of one thousand dollars or greater unless the person requesting that the check be cashed submits any one of the following: (1) A valid current Louisiana driver's license that contains a photograph of the person presenting the driver's license. (2) A valid current driver's license of another state that contains a photograph and the date of birth of the person submitting the driver's license. (3) A valid current special identification card issued by the state of Louisiana pursuant to R.S. 40:1321 containing a photograph of the person submitting the identification card. (4) A valid current passport or visa issued by the federal government or another country or nation, that contains a permanently attached photograph and the date of birth of the person submitting the passport or visa. (5) A valid current military or federal identification card issued by the federal government containing a photograph and the date of birth of the person submitting the identification card. B.(1) No form of identification required by Subsection A of this Section shall be accepted as proof of identification if it is expired, defaced, mutilated, or altered. If the state identification card or lawful identification submitted is a duplicate, the person shall submit additional identification that contains the name, date of birth, and photograph of the person. A duplicate driver's license shall be considered lawful identification for the purposes of this Section, and a person shall not be required to submit additional information containing the name, date of birth, and picture of the person. (2) An educational institution identification card, check cashing identification card, or employee identification card shall not be considered as lawful identification for the purposes of this Section. C. Each licensee shall maintain the following records and information for each United States Treasury tax refund check or state tax refund check in an amount of one thousand dollars or greater cashed by the licensee: (1) The date on which the check is cashed. (2) The number of the check and the face amount of the check. (3) The name of the drawer of the check that is cashed. (4) The name, home address, and date of birth of the person for whom the check is cashed and a copy of the photo identification presented as required in this Section. (5) A copy of the front and back of the check that is cashed. D. Notwithstanding the provisions of R.S. 6:1013(B), each licensee shall maintain the records and information required by this Section for at least three years from the date on which the check is cashed. Acts 2013, No. 315, §1, eff. Nov. 1, 2013.
LA Rev Stat § 6:1014 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1014. Rules and regulations

RS 1014 - Rules and regulations The commissioner shall promulgate such rules and regulations as he deems necessary to administer and enforce this Chapter, pursuant to the Administrative Procedure Act. Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1015 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1015. False advertising

RS 1015 - False advertising A. A licensee may not advertise, print, display, publish, distribute, or broadcast any statement or representation that is false, misleading, or deceptive or that omits material information. B. A licensee shall post accurate information concerning the check-cashing fees or percentages charged in a prominent location on the premises. Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1016 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1016. Applicability

RS 1016 - Applicability This Chapter shall not apply to any bank, trust company, savings bank, savings and loan association, or credit union. Acts 1999, No. 1208, §1, eff. July 9, 1999.
LA Rev Stat § 6:1031 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1031. Citation

RS 1031 - Citation This Chapter may be cited as "The Sale of Checks and Money Transmission Act". Acts 1966, No. 476, §1; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1033 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1033. License required

RS 1033 - License required A. No person, except those specified in R.S. 6:1034, shall engage in the business of money transmission or selling checks as a service or for a fee or other consideration without having first obtained a license pursuant to this Chapter. B. The license granted shall be for the period commencing on January first and ending on December thirty-first of the year of initial licensure or renewal of a previously issued license, as the case may be. The license fee for the year of initial licensure shall not be prorated based on the number of months the license will be in effect; however, each person whose license is renewed for the licensing period of April, 2012, to April, 2013, shall on or before December 31, 2012, submit all required data for license renewal for the period of April, 2013, to December 31, 2013, and pay a licensing renewal fee equal to eight-twelfths of the total licensing fee paid for the licensing period of April, 2012, to April, 2013. C. The office of financial institutions shall deposit the license fee check within two business days after it is received, anything to the contrary in R.S. 49:308 or 950 et seq. notwithstanding, whether or not the application is accompanied by all supporting documents required by law to be furnished as a prerequisite to licensure. However, the act of depositing the license fee shall not be construed as the granting of a license if the commissioner determines that the applicant has not met the requirements of this Chapter. D. Any person required to be licensed by this Chapter shall pay all applicable fees to utilize any electronic database licensing system as described in R.S. 6:121.8. Acts 1966, No. 476, §3. Amended by Acts 1972, No. 324, §1; Acts 1988, No. 792, §1; Acts 1992, No. 65, §1, eff. June 4, 1992; Acts 2001, No. 586, §1, eff. June 22, 2001; Acts 2012, No. 220, §1, eff. May 22, 2012.
LA Rev Stat § 6:1034 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1034. Exemption from licensing

RS 1034 - Exemption from licensing The following persons shall not be required to be licensed under this Chapter: (1) The United States or an instrumentality of the United States government, including the United States Postal Service or a contractor acting on behalf of the United States Postal Service. (2) A state or an agency, political subdivision, or other instrumentality of a state. (3) A federally insured depository financial institution that is organized under the laws of this state, another state, or the United States. (4) A wholly owned subsidiary of a federally insured depository institution that is organized under the laws of this state, another state, or the United States. (5) A foreign bank branch or agency in the United States established under the federal International Banking Act of 1978, 12 U.S.C. 3101 et seq. (6) A person acting as an agent for an entity excluded under Paragraphs (3) and (4) of this Section, to the extent of the person's actions in that capacity provided that: (a) The entity is liable for satisfying the money services obligation owed to the purchaser on the person's receipt of the purchaser's money. (b) The entity and person enter into a written contract that appoints the person as the entity's agent and the person acts only within the scope of authority conferred by the contract. (7) A person that, on behalf of the United States or a department, agency or instrumentality of the United States, or a state, parish, city, or any other governmental agency or political subdivision of this state, provides electronic funds transfer services of governmental benefits for a federal, state, parish, or local governmental agency. (8) A person that acts as an intermediary on behalf of and at the discretion of a licensee in the process by which the licensee, after receiving money or monetary value from a purchaser, either directly or through an agent, transmits the money or monetary value to the purchaser's designated recipient, provided that the licensee is liable for satisfying the obligation owed to the purchaser. (9) An attorney or title company that in connection with an immovable property transaction receives and disburses domestic currency or issues an escrow or trust fund check only on behalf of a party to the transaction. (10) A person engaged in the business of currency transportation who is both a registered motor carrier and a licensed armored car company or courier company, provided that the person does not engage in the money transmission business without a license under this Chapter. (11) A licensed lender using stored value cards or debit cards or electronic cash for loan disbursement under the Louisiana Consumer Credit Law. (12) Any other person approved by the commissioner on a finding that the licensing of the person is not necessary to achieve the purposes of this Chapter. Acts 1966, No. 476, §4. Amended by Acts 1972, No. 160, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001; Acts 2008, No. 26, §1.
LA Rev Stat § 6:1035 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1035. Qualifications

RS 1035 - Qualifications To qualify for a license hereunder, an applicant shall meet the following requirements: (1) If application is made for a new license, the applicant shall submit a business plan which includes, at a minimum, anticipated volume for the calendar year, as well as the anticipated number of transmission or selling locations. The commissioner shall determine the required bond for each new licensee, based on the information provided by the applicant; however, in no event shall the bond be less than twenty-five thousand dollars. (2) To qualify for a new license to transmit money or sell checks or for renewal of a previously issued license, an applicant shall also have a net worth of at least one hundred thousand dollars, computed according to generally accepted accounting principles. (3) The financial responsibility, financial condition, business experience, character, and general fitness of the applicant shall be such as to reasonably warrant the commissioner to believe that the applicant's business will be conducted honestly, carefully, and efficiently. To the extent that the commissioner deems advisable, he may investigate and consider the qualifications of officers and directors of an applicant in determining whether the applicant qualifies. Acts 1966, No. 476, §5. Amended by Acts 1972, No. 324, §1; Acts 1989, No. 401, §1, eff. June 30, 1989; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1036 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1036. Applications

RS 1036 - Applications Each application for a license to transmit money or sell checks shall be made under oath on a form supplied by the commissioner. The application shall state the full name and street address of: (1) The proprietor, if the applicant is an individual. (2) Every member, if the applicant is a partnership or association. (3) The corporation and each officer and director of a corporate applicant. Acts 1966, No. 476, §6; Amended by Acts 1972, No. 324, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1038 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1038. Investigation; granting of license

RS 1038 - Investigation; granting of license A. The commissioner shall provide a detailed form which each applicant shall mail, by certified mail, to the commissioner. The commissioner shall, upon receiving the official, completed application which is accompanied by the fee and documents required by R.S. 6:1031 et seq., investigate to ascertain whether the applicant meets the qualifications established by R.S. 6:1031 et seq., for persons to engage in the business of money transmission or selling checks in this state. B. If the commissioner determines that the applicant meets the requirements of this Chapter, he shall issue the applicant a license to engage in the business of money transmission or selling checks in this state. Acts 1966, No. 476, §8; Amended by Acts 1972, No. 324, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1038.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1038.1. Temporary license; expiration; extension

RS 1038.1 - Temporary license; expiration; extension A. The commissioner may issue a temporary license to a person that is engaging in money transmission, but has not obtained a license under this Chapter, if the person: (1) Certifies in writing that the person qualifies for the license and will submit a completed license application not later than the thirtieth day after the date the temporary license is issued. (2) Submits a current financial statement acceptable to the commissioner that reflects the minimum net worth required under R.S. 6:1035. (3) Provides security that meets the requirements of R.S. 6:1037. (4) Agrees in writing that, until a permanent license is issued, the person will engage only in activities being conducted at existing locations. (5) Pays the application fee and a nonrefundable temporary license fee in the amount established by regulation. B. The effective period for a temporary license shall not exceed ninety days from the date the license is issued; however, the commissioner may extend the period for not more than an additional thirty days if necessary to complete the processing of a timely filed application for which approval is likely. Upon the expiration of the temporary license, including an extension provided for in this Subsection, the temporary licensee shall immediately cease money transmission services. No appeal, either administrative or judicial, shall be available to the temporary licensee to extend the term of the temporary license when the term, including an extension, has expired. Acts 2008, No. 26, §1.
LA Rev Stat § 6:1039 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1039. Maintenance of bond

RS 1039 - Maintenance of bond After a license is granted, the licensee shall maintain its bond in the amount prescribed by R.S. 6:1037. If the commissioner determines at any time that the bond is insecure or deficient in amount, he shall by written order require the filing of a new or supplemental bond; however, such determination and bond requirement shall not be unreasonable, arbitrary, or capricious. If the order is not complied with within thirty days following service by certified mail upon the licensee, the commissioner shall suspend the authority of the licensee to transmit money or sell checks in Louisiana and shall commence proceedings to revoke the license. Acts 1966, No. 476, §9. Amended by Acts 1972, No. 324, §1; Acts 1989, No. 401, §1, eff. June 30, 1989; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1040 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1040. Annual renewal fee; delinquency charge

RS 1040 - Annual renewal fee; delinquency charge  A. Each licensee shall pay, as directed by the commissioner, on or before December thirty-first of each year, a renewal license fee of six hundred dollars, plus an additional fee of twenty-five dollars for each licensed transmission or selling location in this state; however, the total renewal fee for any license shall not exceed six thousand dollars, regardless of the number of locations.  B.(1) If the renewal fee is received after December thirty-first, a late penalty equal to one-half of the renewal fee, including the fee for each transmission or selling location, shall be paid as a prerequisite for renewal even though the six thousand dollar maximum is exceeded.  (2) If the commissioner has not received the annual renewal fee and late fee before March first of the following year, the license shall lapse without a hearing or notification and the license shall not be reinstated; however, the person whose license has lapsed may apply for a new license.  C. If payment is made by mail, proof of payment before the delinquency date may be established by sending the renewal fee by certified mail, return receipt requested. A postmark of no later than December thirty-first shall be conclusive proof that timely payment was made.  D. The office of financial institutions shall deposit the license fee check within two business days after it is received, anything to the contrary in R.S. 49:308 or 950 et seq. notwithstanding, whether or not the application is accompanied by all supporting documents required by law to be furnished as a prerequisite to renewal of the license. However, the act of depositing the license fee shall not be construed as granting of a renewal of the license previously issued if the commissioner determines that the applicant has not met the requirements of this Chapter.  Acts 1966, No. 476, §10; Amended by Acts 1972, No. 324, §1; Acts 1985, No. 334, §1, eff. July 9, 1985; Acts 1986, No. 380, §1; Acts 1988, No. 792, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 1992, No. 65, §1, eff. June 4, 1992; Acts 2001, No. 586, §1, eff. June 22, 2001; Acts 2012, No. 220, §1, eff. May 22, 2012; Acts 2015, No. 319, §1.
LA Rev Stat § 6:1041 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1041. Agents and subagents

RS 1041 - Agents and subagents A. A licensee may conduct his business at one or more locations within this state, as follows: (1) The business may be conducted through or by means of such agents and subagents as the licensee may from time to time designate or appoint. (2) No license under this Chapter shall be required of any agent or subagent of a licensee. B. No licensee shall be required to obtain more than one license under this Chapter regardless of the number of locations within the state at which money is transmitted or checks are sold. Acts 1966, No. 476, §11; Acts 1986, No. 380, §1; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1042 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1042. Liability of licensees

RS 1042 - Liability of licensees Each licensee shall be liable for the payment of all checks which he sells or money he is obligated to transmit, in whatever form and whether directly or through an agent, as the maker or drawer thereof according to the negotiable instrument laws of this state; and a licensee who sells a check or transmits money, whether directly or through an agent, upon which he is not designated as maker or drawer shall nevertheless have the same liabilities with respect thereto as if he had signed same as the drawer thereof. Acts 1966, No. 476, §12; Acts 2001, No. 586, §1, eff. June 22, 2001.
LA Rev Stat § 6:1043 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1043. Disclosure of responsibility

RS 1043 - Disclosure of responsibility Every check sold by a licensee, directly or through an agent, shall bear the name of the licensee clearly imprinted thereon. Acts 1966, No. 476, §13.
LA Rev Stat § 6:1044 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1044. Visitation and examination; revocation of license

RS 1044 - Visitation and examination; revocation of license A. The commissioner either in person or through an employee appointed by him, shall visit and examine each licensee or agent on a recurring schedule or at any time whenever, in his judgment, an examination is necessary and expedient. The commissioner may accept an annual report and audit of the affairs of a licensee or agent under this Chapter if it is made by a commissioner of financial institutions or comparable officer of another state, the District of Columbia, or a territory of the United States. B. The commissioner shall revoke or suspend a license on any ground on which he may refuse to grant a license or for a violation of any provisions of this Chapter. Acts 1966, No. 476, §14; Amended by Acts 1972, No. 324, §1; Acts 1991, No. 812, §1, eff. July 22, 1991.
LA Rev Stat § 6:1045 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1045. Hearings

RS 1045 - Hearings No license shall be denied or revoked except after a hearing thereon. The commissioner shall give the applicant or licensee at least twenty days' written notice of the time and place of such hearing. The notice shall be by registered or certified mail addressed to the principal place of business of such applicant or licensee. Any order of the commissioner denying or revoking such license shall state the grounds upon which it is based and shall not be effective until twenty days after written notice thereof has been sent by registered or certified mail to the applicant or licensee at such principal place of business. Acts 1966, No. 476, §15. Amended by Acts 1972, No. 324, §1.
LA Rev Stat § 6:1046 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1046. Penalties

RS 1046 - Penalties A. Any person who directly or through another violates or attempts to violate any provision of this Chapter shall be guilty of a misdemeanor, and shall be fined not less than two hundred and fifty dollars but not more than five hundred dollars, or imprisoned in the parish jail for not more than six months, or both. Each transaction in violation of this Chapter and each day that a violation continues shall be a separate offense. B. A conviction or plea of guilty, or a finding of guilt after a plea of nolo contendere, shall automatically constitute a revocation of the primary license and all location licenses. Acts 1966, No. 476, §16; Acts 1988, No. 792, §1.
LA Rev Stat § 6:1047 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1047. Reports

RS 1047 - Reports Each licensee shall file an annual report with the commissioner by March thirty-first for the previous year of money transmission or check-selling operations. The report shall contain: (1) A complete disclosure of all business activity which it conducted during the previous year in this state. (2) A financial statement certified by an owner, principal, director, or officer of the licensee. (3) A list of each location in this state at which money was transmitted or checks were sold by the licensee and its agents during the preceding calendar year. Added by Acts 1974, No. 212, §1; Acts 1986, No. 380, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001.