LAC 10:III.311
LAC 10:III.311. Authority and Purpose
Cite as La. Admin. Code tit. 10, pt. III, § 311
A. This regulation is issued pursuant to the authority provided by §415(7) of Title 6 of the Louisiana Revised Statutes (R.S.).
B. It is the purpose of this regulation to provide a method by which a state bank may exceed lending limit restrictions, imposed by R.S. 6:415(A), when financing the sale of other real estate.