Regulatory Alerts2009-01-15
Examination Planning Guidelines for Licensed Lenders
The Louisiana Office of Financial Institutions issued Policy LL-01-08 to establish examination frequency and compliance priorities for licensed installment loan lenders. The policy mandates initial inspections within 120 to 180 days for new single-location licensees, followed by annual reviews until two consecutive violation-free exams trigger a biennial cycle. Affiliated licensees undergo parallel annual inspections before transitioning to a district-rotated yearly schedule capped at three years per location, with the Commissioner retaining discretion to mandate more frequent examinations when public safety is threatened.
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