La. Admin. Code tit. 10 § III-323

Current through Register Vol. 50, No. 12, December 20, 2024

Section III-323 - Definitions

A. For purposes of these regulations, the following terms shall have these meanings.

Commissioner- the Commissioner of Financial Institutions.

Current Appraisal- an appraisal which has been obtained within 12 months prior to the exchange, provided there has been no significant change to the property.

Exchanged Property- property lawfully acquired by a bank pursuant to R.S. 6:243(A)which is exchanged for property in compliance with this regulation.

La. Admin. Code tit. 10, § III-323

Promulgated by the Department of Economic Development, Office of Financial Institutions, LR 19:35 (January 1993).

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:243(B)(5).