Louisiana Statutes
§ 6:1103 — Commitment and cooling off period
Louisiana § 6:1103
JurisdictionLouisiana
Title 6Banks and Banking
This text of Louisiana § 6:1103 (Commitment and cooling off period) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 6:1103 (2026).
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.
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Legislative History
Acts 2010, No. 418, §1.
Nearby Sections
15
§ 6:1101
§ 6:1101§ 6:1102
Counseling§ 6:1111
§ 6:1111§ 6:1121
§ 6:1121§ 6:1122.1
Defenses to written credit agreements§ 6:1124
No implied fiduciary obligations§ 6:1131
§ 6:1131§ 6:1132
Policy and purposes§ 6:1133
Administration§ 6:1134
ApplicabilityCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 6:1103, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/6%3A1103.