Structured Settlement Guide For Louisiana

Below is local Louisiana information related to courts, and structured settlement topics. You may have to visit or phone call a local Louisiana courthouse when working with your structured settlement.

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Louisiana City Court Pages

Click to go to Site: Louisiana Main Court Pages
Click to go to Site: Louisiana District Courts
Click to go to Site: Clerk of Courts of LA

The following Louisiana cities have court information at above links:

• New Orleans
• Baton Rouge
• Shreveport
• Metairie
• Lafayette
• Lake Charles
• Kenner
• Bossier City
• Monroe
• Alexandria
• Marrero
• New Iberia
  

Structured Settlement Louisiana State Laws

RS 9:2715...B. The direct or indirect transfer of structured settlement payment rights shall not be effective nor shall a structured settlement obligor or annuity issuer be required to make a payment directly or indirectly to a transferee of structured settlement payment rights unless all of the following requirements are met: (1) The transfer of structured settlement payment rights has been authorized in advance by ex parte order of a court of competent jurisdiction which had jurisdiction over the original tort or workers' compensation claim resolved by the structured settlement or in which the original tort or workers' compensation claim could have been brought, or in the parish where the payee resides at the time of filing the ex parte petition. At least twenty days prior to the issuance of the order, the transferee shall file a petition for transfer with the caption "Ex Parte Petition for Transfer of Structured Settlement Rights by (name of Transferee)." (2) The transferee shall include with the petition, a copy of the transferee's application, a copy of the transfer agreement, and a disclosure statement to the payee in bold type, no smaller than 14 points, acknowledged by the payee specifying the following: (a) The amounts and due dates of the structured settlement payments to be transferred. (b) The aggregate amount of the payments. (c) The discounted present value of the payments, together with the discount rate used in determining the discounted present value. (d) The gross amount payable to the payee in exchange for the payments and an itemized listing of all brokers' commissions, service charges, application fees, processing fees, closing costs, filing fees, referral fees, administrative fees, legal fees, notary fees, and other commissions, fees, costs, expenses, and charges payable by the payee or deductible from the gross amount otherwise payable to the payee. (e) The net amount payable to the payee after deduction of all commissions, fees, costs, expenses, and charges described in Subparagraph (d) of this Paragraph. (f) The quotient, expressed as a percentage, obtained by dividing the net payment amount by the discounted present value of the payments, which shall be disclosed in the following statement: "The net amount that you will receive from us in exchange for your future structured settlement payments represents ___% of the estimated current value of the payments". (g) The effective annual interest rate, which rate shall be disclosed in the following statement: "Based on the net amount that you will receive from us and the amounts and timing of the structured settlement payments that you are turning over to us, you will, in effect, be paying interest to us at a rate of ___% per year". (h) The amount of any penalty and the aggregate amount of any liquidated damages, including penalties, payable by the payee in the event of a breach of the transfer agreement by the payee...

* See more and actual structured settlement statutes at Louisiana State government law site pages

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