This bill amends R.S. 47:532.1(A)(1) and enacts R.S. 47:532.4 to establish regulations for digital transaction providers in Louisiana. It authorizes the commissioner to enter into agreements with these providers, who can be either private individuals or public/private agencies, to facilitate the collection of registration and renewal license taxes for vehicle registrations, driver's licenses, and identification cards. The bill also allows digital transaction providers to charge a convenience fee, subject to state review and approval, and mandates that they disclose these charges to consumers before transactions are initiated.

Additionally, the bill requires digital transaction providers to secure a surety bond of $100,000 and obtain a cyber liability insurance policy of $1 million, naming the state and relevant departments as additional insureds. Contracts with the Department of Public Safety and Corrections for these services will have a two-year term, with provisions for automatic renewal. The commissioner is tasked with promulgating necessary rules to implement these provisions, ensuring oversight and compliance within the digital transaction framework.

Statutes affected:
HB475 Engrossed: 47:1(A)(1)
HB475 Enrolled: 47:1(A)(1)
HB475 Act : 47:1(A)(1)