§ 9:3578.1 Short title
§ 9:3578.2 Legislative intent
§ 9:3578.3 Definitions
§ 9:3578.4 A.(1) In conjunction with a deferred presentment transaction or small loan, a licensee may charge a fee not to exceed sixteen and seventy-five one hundredths percent of the face amou
§ 9:3578.4.1 A.(1) A consumer who is unable to repay either a deferred presentment transaction or small loan when due to a licensee may elect once in any twelve-month period to repay the licensee
§ 9:3578.5 Rebate upon prepayment
§ 9:3578.6 Prohibited acts
§ 9:3578.7 The commissioner may provide a notice, which includes a toll-free number to the commissioner’s office, which shall be posted, along with the fees as allowed under this Chapter, in a
§ 9:3578.8 Powers of the commissioner; adoption of rules and regulations

Terms Used In Louisiana Revised Statutes > Title 9 > CODE TITLE XII > Chapter 2-A - Louisiana Deferred Presentment and Small Loan Act

  • Bench trial: Trial without a jury in which a judge decides the facts.
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Commissioner: means the commissioner of the office of financial institutions. See Louisiana Revised Statutes 9:3578.3
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Deferred presentment transaction: means a transaction made pursuant to a written agreement whereby a licensee:

    (a)  Accepts a check from the issuer dated as of the date it was written;

    (b)  Agrees to hold the check for a period of time not to exceed thirty days prior to negotiation or presentment; and

    (c)  Pays to the issuer of the check the amount of the check less the fee permitted in La. See Louisiana Revised Statutes 9:3578.3

  • Dependent: A person dependent for support upon another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Licensee: means a person licensed pursuant to this Chapter that offers deferred presentment transactions or small loans, or both. See Louisiana Revised Statutes 9:3578.3
  • Partial payment: means a payment of fifty dollars or more on a deferred presentment transaction or small loan. See Louisiana Revised Statutes 9:3578.3
  • Prepayment: means payment in full of the deferred presentment transaction or small loan amount prior to the end of the term of that transaction or loan. See Louisiana Revised Statutes 9:3578.3
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Professional dental corporation: means a corporation organized pursuant to this Chapter for the practice of dentistry. See Louisiana Revised Statutes 12:981
  • Quorum: The number of legislators that must be present to do business.
  • Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
  • Small loan: means a consumer loan, as defined in La. See Louisiana Revised Statutes 9:3578.3
  • Statute: A law passed by a legislature.
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.