LAC 19:VII.7225 – Available Collateral, Guarantees and Other Security Not Realized

A. After LEDC has paid a loss claim to the lender from the loss reserve account, and the lender has terminated its lending relationship with the borrower, the lender shall, at LEDC's request, provide LEDC with details and copies of any collateral, guarantee, or other security documents which secured the qualified loan and which remain available.

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2312 (A)(7), (B)(1) and (B)(3).

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Louisiana Economic Development Corporation, LR 26:2250 (October 2000).