Usufruct
R.S. 6:1103

Commitment and cooling off period ACTIVE

In connection with a conventional reverse mortgage loan, at least seven calendar days prior to closing a reverse mortgage loan, a reverse mortgage lender shall provide the borrower with a loan term sheet or commitment letter outlining the proposed terms of the loan and informing the borrower that the borrower is not obligated to proceed with the loan transaction.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

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History

  • enactment Acts 2010, No. 418, §1

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Cite R.S. 6:1103

Bluebook
La. Rev. Stat. Ann. § 6:1103 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-1103
BibTeX
@misc{larevstat-6-1103,
  title        = {La. Rev. Stat. Ann. § 6:1103},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-1103},
  note         = {Snapshot 2026-05-22}
}