{"data":{"id":"us-la/rs-47-356","jurisdiction":"us-la","citation":"RS 47:356","heading":"Business of lending or of dealing of notes secured by chattel mortgages or other liens","body":"A. For every person, firm, corporation, or association of persons engaged in the business of purchasing, selling, trading in, or lending on unsecured notes or on notes secured by chattel mortgages, or other statutory liens, being commonly known as finance or securities companies, a license based on the amount of loans made by the business shall be required. The license shall be based on the amount of loans made by the business and the amount of said license shall be as shown in the following table:\nThe Annual\nIf the Amount of Loans Made is:\nLicense Shall\nAs Much As\nBut Less Than\nBe:\n$\n0\n$\n250,000\n$\n50\n250,000\n500,000\n100\n500,000\n750,000\n150\n750,000\n1,000,000\n200\n1,000,000\n1,250,000\n250\n1,250,000\n1,500,000\n300\n1,500,000\n1,750,000\n350\n1,750,000\n2,000,000\n400\n2,000,000\n2,250,000\n450\n2,250,000\n2,500,000\n500\n2,500,000\n3,000,000\n550\n3,000,000\n3,500,000\n600\n3,500,000\n4,000,000\n650\n4,000,000\n4,500,000\n700\n4,500,000\n5,000,000\n750\n5,000,000\n5,500,000\n800\n5,500,000\n6,000,000\n850\n6,000,000\n6,500,000\n900\n6,500,000\n7,000,000\n950\n7,000,000\n7,500,000\n1,000\n7,500,000\n8,000,000\n1,050\n8,000,000\n8,500,000\n1,100\n8,500,000\n9,000,000\n1,150\n9,000,000\n9,500,000\n1,200\n9,500,000\n10,000,000\n1,250\n10,000,000\n11,000,000\n1,350\n11,000,000\n12,000,000\n1,450\n12,000,000\n13,000,000\n1,550\n13,000,000\n14,000,000\n1,650\n14,000,000\n15,000,000\n1,750\n15,000,000\n16,000,000\n1,850\n16,000,000\n17,000,000\n1,950\n17,000,000\n18,000,000\n2,050\n18,000,000\n19,000,000\n2,150\n19,000,000\n20,000,000\n2,250\n20,000,000\n25,000,000\n2,500\n25,000,000\n30,000,000\n3,000\n30,000,000\n35,000,000\n3,500\n35,000,000\n..........\n3,700\nB. The \"amount of loans made\", for the purposes of this Section, shall mean the total of all amounts of funds or goods advanced to borrowers and the amounts paid for notes or other similar evidences of indebtedness purchased or otherwise acquired from others.\nC. In the case of a new business, the basis for the first year's license shall be provided for in R.S. 47:344 and R.S. 47:348 of this Chapter, except that the \"amount of the loans made\" shall be substituted for \"gross revenue\".","path":["TITLE 47. REVENUE AND TAXATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=102084","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:02:29Z","sha256":"a4f0fe0ca305e0582d60443ec52e222c1b4af3ff950dc778adafbd25ee79a5d9","source_id":"us-la","stale":false,"prev":"us-la/rs-47-355","next":"us-la/rs-47-357"},"notice":"GroundRules: Original legal text. Not legal advice."}