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 license taxes and fees associated with 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 cyber liability insurance of $1 million, naming the state and relevant departments as additional insureds. Contracts with these providers will have a two-year term and may be automatically renewed. The legislation aims to enhance the efficiency of processing vehicle-related transactions while ensuring consumer protection and compliance with state regulations.

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