Terms Used In Louisiana Revised Statutes 39:88.1

  • collection: as used in this Subpart shall include the sale or securitization of long-term delinquent accounts receivable and all other obligations subject to the provisions of this Subpart. See Louisiana Revised Statutes 39:88.3

           A. This Subpart may be cited as the “Louisiana Collection Policy and Procedure Act”.

           B. It is the intent of the legislature that a comprehensive collection policy and procedure for collection of obligations due to the state be established for use by all state agencies.

           Acts 2001, No. 904, §1, eff. June 26, 2001.