1. A. All fees are non-refundable.

   1. 1. License Application Fee

      1. a. Repossession Agency (which includes qualifying agent)―$1500
      2. b. Repossession Agent―$400
      3. c. Apprentice―$400

   2. 2. License Renewal Application Fee and Late Payment Penalty

      1. a. Repossession Agency (which includes qualifying agent)―$1,000; Late Fee―$500
      2. b. Repossession Agent―$300; Late Fee―$150
      3. c. Apprentice―$300; Late Fee―$150

   3. 3. Repossession Agency Change of Control Application Fee

      1. a. $1,000
      2. b. Penalty for Late Notice―$500

   4. 4. Change of Designated Qualifying Agent

      1. a. $500
      2. b. Penalty for Late Notice―$250

   5. 5. Change of Location; Change of Name

      1. a. $300
      2. b. Penalty for Late Notice―$150

   6. 6. Replacement Identification Card

      1. a. $500
      2. b. Penalty to Repossession Agent for Failure to Return Identification Card When Employment Ceases for Any Reason―$1,000

   7. 7. Examination Fee

      1. a. $50 per hour, per examiner
      2. b. Penalty for Failure to Pay Examination Fee within 30 days of Billing―$500

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:966.1(D).

Historical Note

HISTORICAL NOTE: Promulgated by the Office of the Governor, Office of Financial Institutions, LR 30:2813 (December 2004).