Agency ( LA Register) (pdf file)
Agency Activities
Louisiana State-chartered financial institutions may receive deposits, renew time deposits, close loans, service loans, and receive payments on loans and other obligations as an agent for any other financial institution. Conversely, any State-chartered financial institution may contract with another financial institution to act as agent on its behalf.
For specific OFI requirements, please refer to the attached agency rule which details the requirements for engaging in agency activities. No application fee is required for this activity.