NOTICE:
Most nondepository
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.
NEW! ATTENTION
ALL LICENSEES: NEW FINGERPRINT REQUIREMENTS
$50
background processing fee
4-6 weeks
MINIMUM processing time
2 sets of fully completed fingerprint cards with clear
fingerprints
NEW!
Non-Depository
2006 Legislative Acts
IMPORTANT! Applicants are not
licensed to operate until a license is received.
| This division is responsible for the licensing, supervision, and regulation of 10 programs. For brief descriptions of the types of entities supervised by this division, click here. For information regarding filing a complaint outside the Baton Rouge area but within Louisiana, please call our toll free number 1-888-525-9414. In the Baton Rouge area, call 922-2591. The e-mail address for the Non-Depository Division is ofiland@ofi.state.la.us. To file a written complaint with the Office of Financial Institutions on any of the following types of institutions listed below click here: Complaint form (pdf) Complaint form (MS Word) |
Bond for Deed
Persons designated by the parties to a bond for deed transaction to
distribute payments made by the buyer to the holder of a mortgage in the real property
subject to the transaction.
Check Cashers
A person, unless otherwise exempt, who accepts compensation for
cashing checks, drafts, money orders, or other commercial paper.
Credit Repair
Persons who, in return for money, improve or represent that they can improve a
buyer's credit.
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 person who take
assignment of an 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.
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.
Reposession 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.
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