Louisiana § RS 6:969.36 - License not required
Full text of Louisiana Louisiana Civil Code § RS 6:969.36 — License not required, with citation guidance and answers to common questions.
§ RS 6:969.36. License not required
A. All of the following shall be exempt from the licensing requirements of this Chapter:
(1) Supervised financial organizations.
(2) Trusts and trustees, including without limitation securitization trusts and trustees.
(3) Assignees with no offices in this state holding motor vehicle contracts on an interim basis for a period of ninety days or less.
(4) Governmental agencies, instrumentalities, or public entities organized by Act of Congress or the Legislature of Louisiana.
(5) Qualified pension plans when entering into an extension of credit to a plan participant.
(6) Bona fide pledgees of motor vehicle credit contracts.
(7) Persons holding motor vehicle contracts for servicing or collection on behalf of the actual owner of such obligations.
(8) Licensed motor vehicle dealers to the extent that they regularly sell, assign, and transfer contracts originated by them to third party assignees within sixty days following origination. A licensed motor vehicle dealer may retain at any one time, and from time to time thereafter, a maximum of twelve contracts for its own account without being subject to the licensing requirements of this Chapter.
B. The commission is authorized to waive the licensing and examination requirements for a subsidiary of an entity as described in Paragraph (A)(1) of this Section.
Acts 1999, No. 794, §1, eff. July 2, 1999; Acts 2007, No. 131, §1, eff. June 25, 2007.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:969.36
What does Louisiana Civil Code § RS 6:969.36 cover?
Section RS 6:969.36 ("License not required") 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 6:969.36?
A common citation format is "Louisiana Civil Code § RS 6:969.36" (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 6:969.36 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.