Louisiana § RS 9:3559.1 - Regulation of former licensees
Full text of Louisiana Louisiana Civil Code § RS 9:3559.1 — Regulation of former licensees, with citation guidance and answers to common questions.
§ RS 9:3559.1. Regulation of former licensees
A. A licensed lender whose license has been revoked, suspended, or canceled may, with the prior written consent of the commissioner, continue to collect payments on or enforce such loans without a license so long as it complies with each of the following:
(1) The record keeping requirements for licensed lenders.
(2) All other provisions of this Chapter.
(3) Pays the commissioner's costs for conducting compliance examinations or investigations of its records.
(4) The terms of any valid order of the commissioner or of a court relative to provisions of this Chapter.
(5) All consent agreements entered into with the commissioner.
B. The commissioner may require such unlicensed persons to enter into a consent agreement containing the provisions of this Section* and may require additional restrictions and conditions therein, as determined by the commissioner, as a condition to the former licensee's continued collection or enforcement of consumer loans.
C. The commissioner may assess civil money penalties of up to one thousand dollars per violation for violations of this Section. Such penalties may be recovered by the commissioner in a civil action brought in a court of competent jurisdiction, together with reasonable attorney fees and costs incurred in bringing such action.
Acts 1992, No. 148, §1, eff. June 5, 1992.
*AS APPEARS IN ENROLLED BILL.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 9:3559.1
What does Louisiana Civil Code § RS 9:3559.1 cover?
Section RS 9:3559.1 ("Regulation of former licensees") 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 9:3559.1?
A common citation format is "Louisiana Civil Code § RS 9:3559.1" (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 9:3559.1 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.