Louisiana § RS 6:1038.1 - Temporary license; expiration; extension
Full text of Louisiana Louisiana Civil Code § RS 6:1038.1 — Temporary license; expiration; extension, with citation guidance and answers to common questions.
§ RS 6:1038.1. Temporary license; expiration; extension
A. The commissioner may issue a temporary license to a person that is engaging in money transmission, but has not obtained a license under this Chapter, if the person:
(1) Certifies in writing that the person qualifies for the license and will submit a completed license application not later than the thirtieth day after the date the temporary license is issued.
(2) Submits a current financial statement acceptable to the commissioner that reflects the minimum net worth required under R.S. 6:1035.
(3) Provides security that meets the requirements of R.S. 6:1037.
(4) Agrees in writing that, until a permanent license is issued, the person will engage only in activities being conducted at existing locations.
(5) Pays the application fee and a nonrefundable temporary license fee in the amount established by regulation.
B. The effective period for a temporary license shall not exceed ninety days from the date the license is issued; however, the commissioner may extend the period for not more than an additional thirty days if necessary to complete the processing of a timely filed application for which approval is likely. Upon the expiration of the temporary license, including an extension provided for in this Subsection, the temporary licensee shall immediately cease money transmission services. No appeal, either administrative or judicial, shall be available to the temporary licensee to extend the term of the temporary license when the term, including an extension, has expired.
Acts 2008, No. 26, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:1038.1
What does Louisiana Civil Code § RS 6:1038.1 cover?
Section RS 6:1038.1 ("Temporary license; expiration; extension") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 6:1038.1?
A common citation format is "Louisiana Civil Code § RS 6:1038.1" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 6:1038.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.