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0 chapters · 764 sections in this title.
La. Rev. Stat. § 6:969.42 Venue for litigation or arbitration; choice of law
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§969.42. Venue for litigation or arbitration; choice of law A. A provision contained in any document relating to a motor vehicle credit transaction or debt waiver or debt forgiveness agreement that was entered into in the state of Louisiana requiring that litigation or arbitratio…
La. Rev. Stat. § 6:969.51 GAP coverage; requirements
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§969.51. GAP coverage; requirements A. Debt waiver or debt forgiveness agreements may be offered, sold, or provided to consumers in this state in compliance with this Chapter. B. Debt waiver or debt forgiveness agreements shall be sold for a single premium. C. Notwithstanding any…
La. Rev. Stat. § 6:969.52 Liability; contractual or insurance policies
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§969.52. Liability; contractual or insurance policies A. Contractual liability or other insurance policies insuring debt waiver or debt forgiveness agreements shall state the obligation of the insurer to reimburse or pay to the creditor any sums the lender is legally obligated to…
La. Rev. Stat. § 6:969.53 Cancellation
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§969.53. Cancellation A. Debt waiver or debt forgiveness agreements may be cancelled. Debt waiver or debt forgiveness agreements shall provide that if a consumer cancels a waiver within the "free-look period", the consumer shall be entitled to a full refund of the purchase price,…
La. Rev. Stat. § 6:969.54 Disclosures
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§969.54. Disclosures Debt waiver or debt forgiveness agreements shall disclose, as applicable, in writing and in clear, understandable language that is easy to read, the following: (1) The name and address of the initial lender and the consumer at the time of sale and the identit…
La. Rev. Stat. § 6:969.6 Definitions
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§969.6. Definitions As used in this Chapter: (1) "Administrator" means any person, except an employee of an administrator, who directly or indirectly solicits or effects coverage of, underwrites, collects charges or premiums from, or adjusts or settles claims on residents of this…
La. Rev. Stat. § 6:969.7 Terms; construction; additional fees and charges
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§969.7. Terms; construction; additional fees and charges A. As a general rule of construction, persons may look to comparable rules, definitions, and principles under the Federal Truth in Lending Act, 15 U.S.C. 1601 et seq., and Regulation Z of the Board of Governors of the Feder…
La. Rev. Stat. § 6:969.8 Construction against implicit repeal
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§969.8. Construction against implicit repeal This Chapter being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed impliedly repealed by subsequent legislation if such construction can reasonably be avoided. Acts 1999, No. 794, §1, e…
La. Rev. Stat. § 6:969.9 Consumer loans
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§969.9. Consumer loans A. The maximum loan finance charge for any consumer loan that may be charged, contracted for, or received may equal either Paragraph (1) or (2) of this Subsection but not exceed: (1) The sum of all of the following: (a) Thirty-six percent per annum for that…
La. Rev. Stat. § 6:970 Purchase, merger, or consolidation of impaired financial institutions
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§970. Purchase, merger, or consolidation of impaired financial institutions Notwithstanding any other provisions of this Title, whenever a conservatorship of a state bank has been commenced pursuant to R.S. 6:381 et seq., when the commissioner has taken possession of a savings an…
La. Rev. Stat. § 6:971 Approval of transaction; priorities
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§971. Approval of transaction; priorities A. In considering transactions under this Chapter, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana, and the need to preserve the strength and soundness of the bank…
La. Rev. Stat. § 6:972 Retention of branches
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§972. Retention of branches Any financial institution created by operation of this Chapter may retain and operate any existing branch or branches of the financial institution merged with or acquired under the provisions of R.S. 6:971. Such financial institution, however, shall be…
La. Rev. Stat. § 6:973 Prohibited insurance activities
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§973. Prohibited insurance activities If a bank or bank holding company acquires a savings and loan association, the surviving financial institution or bank holding company and its subsidiaries shall not engage in any insurance activity except an insurance activity authorized by …
La. Rev. Stat. § 6:974 Acquisition of state bank in impaired condition
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§974. Acquisition of state bank in impaired condition A. Notwithstanding any other provisions of this Title, upon a determination by the commissioner of financial institutions that a state bank is in such an impaired condition that it may fail, the commissioner may approve the sa…
