La. Admin. Code tit. 19, § VII-7231 - Withdrawal of Excess Deposits in Loss Reserve Accounts
A. LEDC may withdraw any excess deposits in
its loss reserve account if the balances in a loss reserve account have
exceeded the aggregate outstanding balances of enrolled loans continuously for
a period of six calendar months. LEDC may withdraw the excess of the balance of
the loss reserve account over the total balance of enrolled loans on the last
day of the sixth calendar month of such excesses, and on the last day of each
calendar quarter thereafter, so long as an excess continues to exist.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.