RS 6:1081 – Short title This Chapter shall be known and may be cited as the "Louisiana Secure and Fair Enforcement of Mortgage Licensing Act of 2009" or the "Louisiana S.A.F.E. Residential Mortgage Lending Act". Acts 1999, No. 1098, §1, eff. July 9, 1999; Acts 2009, No. 522, §1, eff. July 31, 2009.
RS 6:1082 – Purpose The Legislature of Louisiana does hereby declare that it is in the best interest of the citizens of the state to protect consumers in the most important financial investment most will make, the purchase of a home, by requiring the licensing and regulation of residential mortgage lenders, brokers, originators, and servicers. […]
RS 6:1083 – Definitions As used in this Chapter: (1) Repealed by Acts 2010, No. 743, §22B, eff. July 1, 2010. (2) "Commissioner" means the commissioner of the office of financial institutions. (3) "Consumer" means a natural person who enters into or seeks to enter into a residential loan transaction for a personal, family, or […]
RS 6:1084 – Prohibition No person, directly or indirectly, shall engage in a residential mortgage lending activity in this state without complying with the provisions of this Chapter or the rules or regulations promulgated pursuant to this Chapter. Acts 1999, No. 1098, §1, eff. July 9, 1999.
RS 6:1085 – Rules and regulations The commissioner shall promulgate rules and regulations in accordance with the Administrative Procedure Act as may be necessary to effectuate the purposes, administration, and enforcement of the provisions of this Chapter. Acts 1999, No. 1098, §1, eff. July 9, 1999.
RS 6:1085.1 – Authority of the commissioner to impose continuing education In addition to any other authority conferred upon the commissioner by this Chapter, the commissioner may impose a requirement of additional continuing education classes, not to exceed eight hours, on any residential mortgage originator or broker based on a finding by the commissioner that […]
