Louisiana Revised Statutes 6:1088.4 – Information reporting
Terms Used In Louisiana Revised Statutes 6:1088.4
- Commissioner: means the commissioner of the office of financial institutions. See Louisiana Revised Statutes 6:1083
- Consumer: means a natural person who enters into or seeks to enter into a residential loan transaction for a personal, family, or household purpose. See Louisiana Revised Statutes 6:1083
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
Notwithstanding any other provision of law to the contrary, except for La. Rev. Stat. 6:103(B)(16), La. Rev. Stat. 6:103(J), and La. Rev. Stat. 6:1088.1, the commissioner shall furnish to the NMLS&R the following:
(1) Information as required by the P.L. 110-289, as amended, including but not limited to, the employment history of and publicly adjudicated disciplinary and enforcement actions and consumer complaints against mortgage loan originators.
(2) Information regarding publicly adjudicated disciplinary and enforcement actions and consumer complaints against mortgage loan brokers or mortgage lenders engaging in activities subject to this Chapter.
(3) Regularly report violations of this Chapter, as well as enforcement actions, and other relevant information to the NMLS&R.
Acts 2009, No. 522, §1, eff. July 31, 2009.