RS 6:1095 – Scope A.(1) The provisions of this Part shall govern and control the rates, fees, charges, and disclosures applicable to residential mortgage loans. (2) Repealed by Acts 2001, No. 617, §3, eff. June 22, 2001. B. All fees and charges authorized under this Part, whether or not such fees and charges constitute or […]
RS 6:1096 – Residential mortgage loans A. Any consumer who has contracted for a federally related mortgage loan may agree to pay fees and interest in excess of the maximum amounts authorized by the laws of this state and as such shall be prohibited from asserting a claim or defense of usury or of the […]
RS 6:1097 – Residential mortgage loan fees and charges; applicability of the Louisiana Consumer Credit Law A. Notwithstanding any other law to the contrary, including but not limited to R.S. 9:3500, in addition to those fees, charges, costs, and expenses not considered interest or defined as finance charges under federal Regulation Z, the parties to […]
RS 6:1098 – Residential mortgage loan brokerage contracts A. Each residential mortgage loan brokerage contract shall be in writing and signed by all contracting parties. The mortgage broker shall retain a signed copy of the residential mortgage loan brokerage contract in the customer’s file. B. The mortgage broker must provide the prospective borrower with a […]
RS 6:1099 – Criminal penalties A. The commissioner may report the violations of the following provisions to the attorney general or to the district attorney of the appropriate parish, who may institute the proper proceedings. B. It shall be a misdemeanor for a mortgage broker or lender to knowingly collect advance fees in excess of […]
