If the financial institution solicits the purchase of insurance from a customer who is applying for a loan or extension of credit, the insurance solicitation shall be conducted in an area physically separate and distinct from the loan transaction, unless the size of the facility is too small to make the physical separation possible.
R.S. 22:1601 active rs title
Physical location of loan and insurance activities ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1997, No. 1475, §2, eff. July 15, 1997