Louisiana Independent Auto Dealers Association (L.I.A.D.A.)

Welcome to the L.I.A.D.A.

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• Financeing License

  July 11th, 2007

  Senate Bill No. 256
  Act No. 131
  By Senator Hollis
  
  All of the following shall be exempt from the licensing requirements of this Chapter:
  Licensed motor vehicle dealers to the extent that they regularly sell, assign, and transfer contracts originated by them to third party assignees within sixty days following origination. A licensed motor vehicle dealer may retain at any one time, and from time to time thereafter, a maximum of twelve contracts for its own account without being subject to the licensing requirements of this Chapter.
  

• Documetation Fees

  July 11th, 2007

  Senate Bill No. 256
  ACT NO.131
  By Senator Hollis
  
  The seller may, in connection with any retail sale, including but not limited to a retail installment transaction, charge a fee for credit investigation, compliance with federal and state law, preparation of the documents necessary to perfect or satisfy a lien upon the objects sold, and any other functions incidental to the titling of the retail sale. The maximum amount permitted to be charged shall be ONE HUNDRED DOLLARS.
  
  

• Legislature

  May 23rd, 2007

  You can go to this site for any Bills that you may need to look up or print out. Thank you
  www.legis.state.la.us