Louisiana Administrative Code › Title 10 - FINANCIAL INSTITUTIONS, CONSUMER CREDIT, INVESTMENT SECURITIES AND UCC › Part XVII - Miscellaneous Provisions › Chapter 5 - Procedures › Section XVII-503 - Interested Party Petitions

Current through Register Vol. 50, No. 6, June 20, 2024
A. Any
				interested person may petition the Office of Financial Institutions requesting
				the adoption, amendment, or repeal of a rule.
B. A petition for adoption, amendment or
				repeal of a rule shall be plainly and prominently titled and styled as such and
				shall be manually signed by an individual petitioner, and by any attorney
				representing the petitioner. The full name, title or office if any, address,
				telephone number and email address of all signees of the petition shall be
				printed or typed under the signature. Signees signing in a representative
				capacity must be clearly identified.
C. A petition filed in accordance with this
				Section shall contain the following:
1. the
				name and number of any license or other certification issued by the
				commissioner to the petitioner and a statement regarding whether the petitioner
				is subject to the regulatory jurisdiction of the commissioner and if the
				petitioner is or may be affected by the laws included within the scope of the
				commissioners jurisdiction;
2. in
				the case of a petition for the adoption of a new rule, set forth a concise
				statement of the nature, purpose, and intended effect of the rule which
				petitioner requests be adopted, and the citation to the statutory authority for
				the commissioners exercise of or rulemaking authority in the manner and on the
				subject requested;
3. in the case
				of a petition for amendment of an existing rule, specify by citation to the
Louisiana Administrative Code
the rule or rules which the
				petitioner requests be amended, together with a concise statement of the manner
				in which it is proposed that the rule or rules be amended, the purpose and
				intended effect of the requested amendment, and citation to the statutory
				authority for the commissioners exercise of or rulemaking authority in the
				manner and on the subject requested;
4. in the case of a petition for repeal of an
				existing rule, specify by citation to the
Louisiana Administrative
				Code
the rule or rules which the petitioner requests be repealed,
				together with a concise statement of the purpose and intended effect of such
				repeal;
5. provide an estimate of
				the fiscal and economic impact of the requested adoption, amendment, or repeal
				of the rule on the revenues and expenses of the Office of Financial
				Institutions and any other state and local governmental units, on the
				costs/benefits to directly affected persons, and on the competition and
				employment in the public and private sectors. If the petitioner has
				insufficient information or is otherwise unable to provide a reasonable
				estimate of such impact, the petitioner shall include a statement attesting to
				the lack of such information;
6. an
				estimate of any impact on family formation, stability, and autonomy as
				described in
				R.S.
				49:972;
7. an estimate of any impact on poverty as
				described in
				R.S.
				49:973;
8. an estimate of any impact on small
				business as described in
				R.S.
				49:965.5;
9. an estimate of any impact on providers as
				described in HCR 170 of 2014;
10.
				all pertinent allegations of facts, circumstances, and reasons supporting the
				action sought by the petitioner;
11. a statement or prayer expressing the
				action sought by the petition;
12.
				any other information deemed necessary by the commissioner, in his discretion,
				in order that he may properly consider the petition.