This text of Louisiana § 37:1786 (Application; fees; bond) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§1786. Application; fees; bond
A.An application for a new pawnshop license or the approval of a change in the
ownership of an existing licensed pawnshop shall be made under oath and state the
applicant's full name, the applicant's place of residence, the place where business is to be
conducted, and other relevant information required by the commissioner. If the applicant is
a juridical person, the application shall state the full name and address of each operator,
partner, officer, and director of the juridical person and owner or beneficial owner of at least
twenty-five percent of the juridical person.
B.If the applicant does not possess a pawnshop license, the application shall be
accompanied by a license fee of seven hundred fifty dollars to be paid to the commissioner.
If the applic
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§1786. Application; fees; bond
A. An application for a new pawnshop license or the approval of a change in the
ownership of an existing licensed pawnshop shall be made under oath and state the
applicant's full name, the applicant's place of residence, the place where business is to be
conducted, and other relevant information required by the commissioner. If the applicant is
a juridical person, the application shall state the full name and address of each operator,
partner, officer, and director of the juridical person and owner or beneficial owner of at least
twenty-five percent of the juridical person.
B. If the applicant does not possess a pawnshop license, the application shall be
accompanied by a license fee of seven hundred fifty dollars to be paid to the commissioner.
If the applicant possesses at least one valid unsuspended pawnshop license and is applying
for an additional license to operate at another location, the application shall be accompanied
by a fee of five hundred dollars.
C. Every licensee, on or before December thirty-first of every year, shall pay to the
commissioner four hundred fifty dollars for each license as the annual fee for the succeeding
year. If the annual fee is not received by the commissioner on or before December thirty-first, the licensee shall be assessed an additional one hundred fifty dollars as a late payment
penalty. If the annual fee and late payment penalty are not received by the commissioner
before March first of the following year, the license shall expire.
D. When an application and the fees required by Subsection B of this Section are
received, the commissioner shall investigate the facts as required by R.S. 37:1787. If the
eligibility requirements for a license are satisfied, the commissioner shall approve an
application. If the eligibility requirements for a license are not satisfied, or if for any other
reason the license has not been issued, the commissioner shall notify the applicant who shall
within sixty days of written request be entitled to a hearing on such application pursuant to
the Administrative Procedure Act. All final decisions of the commissioner shall be subject
to judicial review by the district court of East Baton Rouge Parish. The right to a hearing
pursuant to this Subsection and judicial review thereof shall not limit the scope of judicial
review or other means of review, redress, relief, or trial de novo otherwise provided to the
parties by law.
E. Any applicant who owns a pawnshop that was licensed and doing business in this
state for at least one year immediately prior to September 1, 1993, shall be entitled to receive
one or more licenses by applying to the commissioner no later than September 1, 1993, and
the payment of the fees required by Subsection B of this Section without the commissioner
performing any further investigation of facts. When an applicant owns more than one
pawnshop and at least one has been licensed and doing business for more than one year, all
of the applicant's pawnshops licensed and operating at the time of enacting this Part* shall
be eligible for a license pursuant to this Subsection.
F. Any person required to be licensed by this Chapter shall pay all applicable fees
to utilize any electronic database licensing system as described in R.S. 6:121.8.
*As appears in enrolled bill.