{
  "urn": "urn:us-la:rs:6:1103",
  "title_number": "6",
  "section_number": "1103",
  "citation": "R.S. 6:1103",
  "heading": "Commitment and cooling off period",
  "text": "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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "6",
      "name": "BANKS AND BANKING"
    },
    {
      "level": "chapter",
      "number": "14",
      "name": "RESIDENTIAL MORTGAGE BROKERS AND LENDERS"
    },
    {
      "level": "part",
      "number": "IV",
      "name": "REVERSE MORTGAGE LOANS"
    }
  ],
  "breadcrumb": "Title 6 › Chapter 14 › Part IV",
  "acts_citations": [
    {
      "act_year": 2010,
      "act_number": 418,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 2010, No. 418, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=726455",
  "website_law_id": 726455,
  "scrape_timestamp": "2026-05-22T23:53:38Z",
  "source_html_hash": "sha256:f3038d33093604348dffd9c96a2bf6d4b507e2e2a05317848ec6f32197c73f24",
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}