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LOUISIANA AUTO. v. DEPARTMENT OF ECON. DEV.

No. 98 CA 0981.

743 So.2d 217 (1999)

LOUISIANA AUTOMOTIVE FINANCIAL SERVICES, INC. v. DEPARTMENT OF ECONOMIC DEVELOPMENT, OFFICE OF FINANCIAL INSTITUTIONS.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied August 12, 1999.

Attorney(s) appearing for the Case

Cornelia S. Ullmann, New Orleans, Counsel for Plaintiff/Appellee, Louisiana Automotive Financial Services, Inc.

Gary L. Newport, Paul M. Melancon, Jr., Baton Rouge, Counsel for Defendant/Appellant, Department of Economic Development, Office of Financial Institutions.

Before: LeBLANC, FOGG and PARRO, JJ.

LeBLANC, J.

This is an appeal by the Department of Economic Development, Office of Financial Institutions (OFI), from a district court judgment in favor of Louisiana Automotive Financial Services, Inc. (LAFS).

FACTS AND PROCEDURAL HISTORY

LAFS is an insurance premium financing company offering insurance premium financing to the public. After an investigation of LAFS by OFI examiners, a cease and desist order was issued by Larry L. Murray, the Commissioner...

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