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A.  No public postsecondary education institution shall:

(1)  Permit the dissemination on the institutional campus of solicitations, advertisements, applications, or information concerning consumer credit cards, as defined in La. Rev. Stat. 9:3516(15), to undergraduate students during registration for classes.

(2)  Permit any employee of the institution to disseminate solicitations, advertisements, applications, or information concerning consumer credit cards, as defined in La. Rev. Stat. 9:3516(15), to undergraduate students at any time.

(3)  Provide to an extender of credit, as defined in La. Rev. Stat. 9:3516(18),  for compensation or consideration of any kind any student information.

B.  The governing authority for each such institution shall provide by rule for the enforcement of these prohibitions.

Acts 1999, No. 934, §1.