Non-Depository Services Division

Consumer Information

News and Information:

NOTICE: Most non-depository programs require that a licensee pay a fee and provide
prior written notification of any changes such as:

• change of control in ownership or stock transfers,

• change of name,

• change of location,

• change in legal identity,

• addition of trade name, etc.

To avoid severe penalties for failure to provide prior written notice, contact this office
at least 30 days prior to any changes that you may be considering.

IMPORTANT! Applicants are not licensed to operate until a license is received.

This division is responsible for the licensing, supervision, and regulation of 11 programs.  For brief descriptions of the types of entities supervised by this division click here.  For information regarding filing a complaint click here.  The e-mail address for the Non-Depository Division is ofilicensing@ofi.la.gov.

Program Descriptions

Bond for Deed
A person (escrow agent) is designated through a contract to distribute payments in installments for the purchase of real property.  After payment of a stipulated sum the person delivers title of the real property to the buyer.

Check Cashers
A person, unless otherwise exempt, who accepts compensation for cashing checks, drafts, money orders, or other commercial paper.

Licensed Lenders
Persons engaged in the business of making consumer loans and financing insurance premiums (finance companies).

Notification Filers
Persons engaged in selling goods or services on credit and persons who take assignment of or undertake direct collection of payments from or enforcement of rights against debtors arising from these sales or loans.

Pawnbrokers
Persons who lend money on a deposit or pledge or who take items into possession as security for money advanced.

Deferred Presentment and Small Loans (Payday Lenders)
Persons who make loans of $350 or less for a term of 60 days or less.  Deferred presentment transactions are small loans of $350 or less where the lender accepts a check from the borrower and agrees to hold it for a period of 30 days or less prior to negotiation or presentment to the bank.

Repossession Agents
Persons who physically obtain possession of collateral for a secured party and engage in the business or accept employment to locate and recover collateral pursuant to the Louisiana Default Remedies Act, R.S. 6:965, et seq.

Residential Mortgage Lenders/Brokers
Persons who, for compensation or the expectation of compensation, obtain or offer to obtain loans secured by mortgages on residential property located in Louisiana.  The term includes both lenders and brokers.

All Non-Depository Statues, Regulations and Advisories

Updated January 16, 2019