La. Admin. Code tit. 10 § III-507

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

Section III-507 - Separate Records and Funds

A. The books and records of the mortgage corporation subsidiary shall be kept separate and distinct from those of the parent or other subsidiaries and funds of the parent or other subsidiaries shall not be commingled with those of the subsidiary mortgage corporation.

La. Admin. Code tit. 10, § III-507

Promulgated by the Department of Commerce, Office of Financial Institutions, LR 13:740 (December 1987).

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:237(B).