InfoBytes Blog
Financial Services Law Insights and Observations
Louisiana Office of Financial Institutions issues emergency advisory
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.