LAC 19:VII.7229. Reporting

A. The lender shall provide LEDC with a monthly statement providing details of the balance and the payment and receipts activity in the loss reserve account for the prior month. B. To assist LEDC in determining the progress of the program and in identifying excesses in loss reserve accounts, the lender shall on or before February 15, May 15, August 15, and November 15 of each year file a report with LEDC indication the number and aggregate outstanding balance of all enrolled loans as of the previous December 31 in the case of the report due February 15, as of the previous March 31 in the case of the report due May 15, as of the previous June 30 in the case of the report due August 15, and as of the previous September 30 in the case of the report due November 15. In computing the aggregate outstanding balance of all enrolled loans, the balance of any enrolled loan shall in no event be considered to be greater than the covered amount of the enrolled loan.