La. Admin. Code tit. 10 § XV-1501

Current through Register Vol. 50, No. 11, November 20, 2024
Section XV-1501 - Definitions

Licensee-a person licensed by the commissioner under the provisions of the:

1. Louisiana Check Cashers Act-R.S. 6:1001 et seq.;

2. Louisiana Sale of Checks and Money Transmission Act-R.S. 6:1031 et seq.;

3. Louisiana Consumer Credit Law-R.S. 9:3510 et seq.;

4. Louisiana Credit Repair Services Organizations Act-R.S. 9:3573.1 et seq.;

5. Louisiana Collection Agency Regulation Act-R.S. 9:3576.1 et seq.;

6. Louisiana Deferred Presentment and Small Loan Act-R.S. 9:3578.1 et seq.; and

7. Louisiana Pawnshop Act-R.S. 37:1781 et seq.

Loan-a loan means an advance of funds to a Louisiana consumer for personal, family, or household purposes. A loan as defined herein shall not include a loan contracted for under the provisions of the Louisiana Residential Mortgage Lending Act or a mortgage loan which is preempted by federal law.

Loan Broker-a person who, for compensation or the expectation of compensation regardless of its source, obtains or offers to obtain a loan from a third party wherever domiciled, if the broker is operating in Louisiana.

La. Admin. Code tit. 10, § XV-1501

Promulgated by the Office of the Governor, Office of Financial Institutions, LR 28:307 (February 2002).
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:121(B)(1) and 9:3554(B).