The provided legal document governs bank holding companies in Louisiana. It declares the state’s policy to encourage effective competition among banking institutions by permitting bank holding companies to own or control one or more banking institutions in Louisiana. The document defines a bank holding company as any company that directly or indirectly owns, controls, or has the power to vote 25% or more of any class of voting shares of a bank.

This legal document governs the establishment and closure of branch offices by banks, savings banks, and savings and loan associations in Louisiana. It requires banks to obtain a certificate of authority from the commissioner before opening a branch office. The document outlines the criteria for granting a certificate of authority, including the financial history and condition of the applicant, capital structure, management, and community needs. It also allows banks to acquire a business engaging in banking powers and operate it as a branch with the approval of the certificate of authority.

The legal documents reviewed pertain to credit unions in Louisiana. They cover various aspects of credit union incorporation, operation, membership, governance, loans, interest rates, dividends, dissolution, and other related matters. The documents outline the process for incorporating a credit union, including the submission of an act of incorporation and proposed bylaws to the commissioner of financial institutions. They also require credit unions to obtain and maintain primary insurance for member accounts.

This legal document, part of the Louisiana Revised Statutes, falls under the Louisiana Consumer Credit Law and governs the requirement of insurance in consumer credit transactions. It applies to extenders of credit and consumers in Louisiana. In consumer credit transactions, the extender of credit may request or require the consumer to provide credit life insurance, credit dismemberment insurance, and credit health and accident insurance as additional security for the contract or agreement.

This legal document governs identity theft in Louisiana. It allows victims of identity theft to file police reports with the Louisiana Department of Justice, office of the attorney general, or in the municipality or parish where they reside. Creditors who grant credit based on information obtained through identity theft must provide victims with application and transactional information necessary to undo the effects of the identity theft. The document also addresses security alerts, requiring persons receiving notification of a security alert to verify the consumer’s identity before lending money or extending credit.

The College Campus Credit Card Solicitation Law governs the solicitation of credit cards on college campuses in Louisiana. It applies to institutions of postsecondary education, students under the age of twenty-one attending such institutions, and credit card issuers. The law aims to regulate the act of asking, enticing, or requesting students to read, review, or consider credit card application materials or complete credit card applications. Prior to engaging in solicitation, credit card issuers must register their intent with an appropriate official of the institution.

This legal document governs the medium and time of settlement by a bank. It states that the medium and time of settlement may be prescribed by Federal Reserve regulations, clearing-house rules, agreements, or similar provisions. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve bank or as specified by the person receiving settlement. The time of settlement varies depending on the method of tender, such as cash, check, credit, debit, or funds transfer.

This legal document governs the final payment of items by payor banks, the process by which provisional debits and credits become final, and the availability of credits for withdrawal. According to the document, an item is considered finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or when a provisional settlement is made and not revoked within the permitted time.

This legal document governs the collection of items by payor banks. It outlines the actions that a payor bank can take if it settles for a demand item and later wants to revoke the settlement. The payor bank has the option to return the item or send written notice of dishonor or nonpayment if the item is unavailable for return. Additionally, if a demand item is received by a payor bank for credit on its books, it can return the item or send notice of dishonor within a specified time limit.

This provision, found in the Louisiana Revised Statutes under Commercial Laws, specifically in the section on BANK DEPOSITS AND COLLECTIONS, pertains to payor banks. It states that any knowledge, notice, stop-payment order, or legal process received by the bank, or setoff exercised by the bank, does not terminate, suspend, or modify the bank’s right or duty to pay an item or charge its customer’s account if certain conditions are met. These conditions include the bank accepting or certifying the item, paying the item in cash, settling for the item without the right to revoke the settlement, becoming accountable for the amount of the item under specific provisions, or reaching a cutoff hour for checks.