The bill amends R.S. 51:3163(B) and (C) concerning the requirements for motor vehicle service contracts in Louisiana. It mandates that providers must file an application for initial registration with the secretary of state, which includes details such as the provider's name, address, contact person, and a list of key personnel. Additionally, the provider must submit their basic organizational documents. Notably, the bill removes the requirement for an initial registration fee of six hundred dollars and a renewal fee of two hundred fifty dollars, streamlining the process for providers.

Furthermore, the registration for motor vehicle service contracts will remain effective for two years unless denied or revoked. The bill simplifies the renewal process by eliminating the associated fees, thereby encouraging more providers to register and operate within the state. Overall, these changes aim to facilitate business operations in the motor vehicle service sector while reducing financial barriers for providers.

Statutes affected:
SB372 Original:
SB372 Engrossed:
SB372 Enrolled: 51:3163(B)
SB372 Act : 51:3163(B)