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Waiver request submitted by Stephen C. Schrempp, Louisiana Insurance Guaranty Association, regarding a $1500 late fee assessed for filing his amended 2022 Tier 2.1 annual pfd 151 days late. |
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Stephen C. Schrempp has had personal matters, a divorce, business matters, and a property settlement. He has served on the Louisiana Insurance Guarantee Association since 2018 and does not receive compensation. Mr. Schrempp considers it his civic duty. He also serves on the Volunteers of America Southeast Louisiana Board without compensation. Mr. Schrempp is not able to pay the$1,500 late fee.
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TYPE OF REPORT: 2022 Tier 2.1 Annual Report - amendment
ORIGINAL FILING DATE: 4/7/2023
DATE NOD RECEIVED: 10/7/2024 (personally signed green card)
DATE REPORT FILED: 3/17/2025
DAYS LATE FROM NOD: 151 days
ASSESSED LATE FEE: $1500
PRIOR/OUTSTANDING PFD LATE FEES: Yes - 2021 $1,500 (AG's office)
PRIOR/OUTSTANDING CF LATE FEES: None
OUTSTANDING DISCLOSURE REPORTS: None
PRIOR EXPERIENCE: has filed 9 reports or amendments
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La. R.S. 42:1124.2.1 requires financial disclosure for each member and designee of a board or commission which has the authority to expend, disburse or invest $10,000 or more of funds in a fiscal year on or before May 15th of each year during which the person holds office and the year following termination of the holding of such office.
La. R.S. 42:1124.4 provides that upon discovery of the failure to file, failure to timely file, omission of information or inaccurate information, the Board shall notify the filer by sending him a notice of delinquency by certified mail. The notice of delinquency shall inform the person that the financial statement must be filed, or that the information must be disclosed or accurately disclosed, or that a written answer contesting the allegation of such failure, omission, or inaccuracy must be filed no later than seven (7) business days after receipt of the notice of delinquency.
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| Assigned Attorney: |
Tracy Barker |
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