Regulatory Alerts2023-03-10
Louisiana Administrative Code, Title 10
The Louisiana Department of Insurance promulgates Title 10 to govern financial institutions, consumer credit, and investment securities throughout the state. The regulations establish standardized application procedures, fee assessments, and operational powers for banks, thrifts, savings banks, credit unions, and subsidiary mortgage corporations. Furthermore, the code mandates comprehensive records retention, directors' examinations, legal lending limit exceptions for real estate and loan pools, and detailed conversion protocols for mutual-to-stock transitions.
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