1. A. Violations of R.S. 6:1421, et seq., or this rule include, but are not limited to, any person who:

   1. 1. has engaged, is engaging, or is about to engage in any act or practice prohibited by R.S. 6:1421, et seq., or any rule or regulation adopted under authority of R.S. 6:1424;
   2. 2. has failed to act, is failing to act or is about to fail to act under an affirmative duty provided by R.S. 6:1421, et seq., or any rule or regulation adopted under authority of R.S. 6:1424.

2. B. Appropriate action for violation of R.S. 6:1421, et seq., or this rule includes, but is not limited to:

   1. 1. conducting investigations and hearings to ascertain whether a violation R.S. 6:1421, et seq., has occurred;
   2. 2. issuing orders assessing civil money penalties;
   3. 3. entering into compliance agreements;
   4. 4. seeking injunctive relief from any court of competent jurisdiction; or
   5. 5. any combination of appropriate actions 1 through 4 above.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:121, R.S. 6:1421, R.S. 6:1422, R.S. 6:1423, and R.S. 6:1424.

Historical Note

HISTORICAL NOTE: Promulgated by the Office of the Governor, Office of Financial Institutions, LR 50:521 (April 2024).