Louisiana Administrative Code
Title 10 - FINANCIAL INSTITUTIONS, CONSUMER CREDIT, INVESTMENT SECURITIES AND UCC
Part III - Banking
Chapter 5 - Subsidiary Mortgage Corporation
Section III-503 - Powers
Universal Citation: LA Admin Code III-503
Current through Register Vol. 50, No. 9, September 20, 2024
A. A subsidiary mortgage corporation may originate first mortgage loans, make first mortgage loans, service first mortgage loans, act as an agent in the warehousing and servicing of first mortgage loans, and, in general, engage in activities permitted mortgage company subsidiaries of national banks.
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:237(B).
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