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Bills Signed by the Louisiana Governor
Bill # Act# Effective Date Description
HB 1067 337 8/15/03 Increases delinquency charges on consumer loans and motor vehicle sale finance
HB 109 309 6/13/03 Increases motor vehicle sales finance convenience fee to $12
HB 330 578 8/15/03 Permits pawnshops to make consumer loans
HB 483 633 8/15/03 Permits premium finance companies to collect origination fees
HB 685 645 8/15/03 Provides for electronic notice of cancellation on premium finance agreements
SB 648 500 9/1/03 Increase pawnbroker service charge and decrease holding period
SB 886 514 8/15/03 Prohibits home solicitations for home improvement loans to consumers in violation of Sec. 32
HB 1523 340 8/15/03 Prohibits contracting for motor vehicle sales finance under LCCL
HB 514 638 8/15/03 Collection Agencies - repeals Act
HB 312 372 8/15/03 Notification - exempts nonpublic schools that finance tuition
HB 1234 665 6/27/03 Exempts IRS e-filers from loan broker provisions
SB 1079 521 8/15/03 Qualifies practicing  CPA's for OFI Commissioner 
HB 515 1027 12/31/03 Credit Repair -various changes - $500 application fee; no advance fees
HB 1190 875 8/15/03 RMLA - Various revisions
HB 625 924 8/15/03 Provides mortgage brokers to collect advance fee for Desktop Underwriting
HB 973 934 8/15/03 Identity Theft - requires creditor to give application and transaction information to victim
HB 335 1233 LCCL - increases licensing and renewal fees; provides for change of control application
HB 1864 1272 Provides for the sale of prepaid telephone service at DPSLA locations
HB 1002 1283 Provides for attorney fees and court costs on DPSLA transactions

 For more information go to www.ofi.state.la.us or www.legis.state.la.us

SB = Senate Bill
HB = House Bill                      Back

Source: Handout from Louisiana Finance Association Convention

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