2023 Louisiana LawsRevised StatutesTitle 6 – Finance companies and you may Banking§6:822. Loans and you may assets
A link can get purchase, promote, engage, or else deal within the or for the pursuing the money or any other assets because hereinafter considering:
(1) Zero relationship shall generate financing to 1 debtor if for example the sum of (a) the level of including financing, and (b) the total balances of all a great money owed in order to such as relationship by the instance borrower is higher than a price equivalent to the latest lesser away from (i) 10% of these association’s deals accountability, otherwise (ii) an amount equivalent to such as for instance association’s paid-inside the money, excess, reserves having losses, and you will undivided payouts; other than one mortgage tends to https://paydayloancolorado.net/greenwood-village/ be produced in the event the amount of (a) and you may (b) cannot surpass 500 thousand dollars.