Louisiana Office of Financial Institutions issues emergency advisory

State Issues Louisiana Licensing Covid-19

On March 18, the Louisiana Office of Financial Institutions (LOFI) issued an emergency advisory for lenders/brokers licensed under certain Louisiana laws. The declaration permits non-depository entities operating in Louisiana to temporarily close licensed locations located in Louisiana or to temporarily close and/or relocate some or all of the operations, services, and products of a closed location to another location or locations within the state. The declaration waives the required 30-day written notice requirement for changes in location or the relocation of some or all of the operations, services, and products.