Louisiana Administrative Code › Title 55 - PUBLIC SAFETY › Part III - Motor Vehicles › Chapter 15 - Services Provided by Persons and Business Entities › Subchapter A - Auto Title Companies › Section III-1517 - Contract Suspension, Revocation, Cancellation, Nonissuance, or Restrictions

Current through Register Vol. 50, No. 6, June 20, 2024
A. The
				  following actions by a contractor or applicant or any of the contractor's or
				  applicant's employees, managers, agents, representatives, officers, directors
				  or owners may subject the contractor or applicant to suspension, revocation, or
				  cancellation of the contract by the department or the imposition of
				  restrictions by the department. Additionally, the department may deny an
				  application and refuse to issue a contract for any of the following actions by
				  a contractor or applicant or any of the contractor's or applicant's employees,
				  managers, agents, representatives, officers, directors or owners:
1. failure to remit taxes and fees collected
				  from applicants for title transfers;
2. repeated late filings;
3. operating as an auto title company without
				  a license for each location, with an expired license, or without a valid surety
				  bond on file with the Office of Motor Vehicles;
4.
a. the
				  issuance of more than one temporary registration (T-marker) to a title
				  applicant; or
b. the issuing of a
				  T-marker without first collecting all taxes and fees and requiring the title
				  applicant to show proof of compliance with the compulsory insurance
				  law;
5. operating from
				  an unlicensed location;
6. changing
				  the ownership of the auto title company and not reporting, in writing, to the
				  Office of Motor Vehicles within 30 days from the date of such change;
7. changing the officers or directors of the
				  auto title company and not reporting, in writing, to the Office of Motor
				  Vehicles within 30 days from the date of such change;
8. being a principal or accessory to the
				  alteration of documents relevant to a registration or titling transaction that
				  results in material injury to the public records or a shortfall in the
				  collection of taxes owed;
9. the
				  forwarding to the Office of Motor Vehicles by an auto title company of a
				  document relevant to a registration or titling transaction that results in a
				  material injury to the public records, or a shortfall in the collection of
				  taxes owed when the auto title company had knowledge of facts causing such
				  injury or shortfall, and failed to disclose the same to the Office of Motor
				  Vehicles;
10. conviction of, or an
				  entry plea of guilty or nolo contendere to any felony; or conviction of, or an
				  entry plea of guilty or nolo contendere to any criminal charge, an element of
				  which is fraud;
11. fraud, deceit,
				  or perjury in obtaining any license issued under this Chapter;
12. failure to maintain, at all times during
				  the existence of the license, all qualifications required for issuance or
				  renewal of a license;
13. any
				  material misstatement of fact, or omission of fact, in any application for the
				  issuance or renewal of a license for an auto title company;
14. the repeated submission of checks which
				  have been dishonored by the bank on which the check was drawn;
15. failure to provide requested documents in
				  a manner set forth in
				  §1515