Credit Repair

Act 858
Senate Bill 433
Effective July 9, 2008
Amends LSA-R.S. 9:3573 et seq.

This Act transfers the jurisdiction over credit repair organizations from the Office of Financial Institutions (OFI) to the Louisiana Attorney General (AG). Although licensure is no longer necessary, the $100,000 surety bond remains a requirement for any person providing credit repair services to consumers in Louisiana. Those who have bonds in favor of OFI should contact their bonding company to transfer the benefit to the AG.

Links from the OFI website to other websites are provided solely as a convenience to visitors. If you use these links, you will leave the OFI website.

OFI does not have any responsibility or control over any of these external websites, their content, or their privacy policies. We do not endorse or make any representations about third-party external websites, including any information, products, materials, or results that may be obtained from using them.

If you decide to access any of the linked third-party websites, you do so solely at your own risk. You are encouraged to review the privacy notice for each linked website.