La. Admin. Code tit. 55 § III-1505

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-1505 - Application Requirements

A. The application for an auto title company shall be on a form approved by the department, and shall require the applicant to provide the following information:

1. the full legal name of the applicant, including any trade names or aliases;

2. the complete physical and mailing addresses for the applicant's principal place of business, as well as for any location from which the applicant intends to conduct business as an auto title company;

3. the telephone number, including area code, for each place of business or location listed on the application;

4. if the applicant is not a natural person, the full name, complete physical and mailing addresses, and telephone number of a contact person;

5. if the applicant is not a natural person, the full name, complete physical and mailing addresses, and telephone number of all officers, directors, and managers of the applicant;

6. a signed and dated statement by each natural person listed in the application, stating that they are submitting themselves for review by the department to determine if they are persons of good moral character, and that they authorize the department to check their criminal history; and

7. the auto title company owner(s) must be citizen(s) of the United States or be lawfully present in the United States in a status that allows the person to own and operate a business;

8. the auto title company owner(s) must have earned at least a high school diploma, GED or its equivalent;

9. the auto title company must have a business location within the state of Louisiana where the auto title company office will operate;

10. proof of registration with the secretary of state to do business in the state of Louisiana;

11. possess any required business license;

12. such other information or documentation that the department may require in order to determine the eligibility of the applicant.

La. Admin. Code tit. 55, § III-1505

Promulgated by the Department of Public Safety and Corrections, Office of Motor Vehicles, LR 24:345 (February 1998), Amended LR 491229 (7/1/2023).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:735(B).