Louisiana Credit Repair Organization Bond

LouisianaOn 03/31/2008, a new law titled SB 433 was introduced in Louisiana regarding credit repair organizations. SB 433 demands that credit repair services organizations now must file the required bond under existing law with the Attorney General instead of the Office of Financial Institutions. All cancellations now must be sent to the Attorney General additionally. The new law eradicates the opportunity of a trust account in lieu of the bond.