LAC 10:XI.901. Definitions

Additional Fees and Charges―those fees and charges which are not specifically authorized by the LCCL but, as determined by the commissioner, are considered not to be inconsistent with the provisions thereof. Creditor―a person who is a licensed lender as defined in R.S. 9:3516(22). Petition―a written request of a creditor, in the form of a letter, directed to the commissioner seeking approval of an additional fee or charge and shall include an explanation as to which service or services will be provided and why a creditor believes a certain fee or charge is warranted for such service.