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Code · Louisiana · Title 9 — Civil Code-Ancillaries

RS 9:3574.9

147 words·~1 min read·/la/title-9/9-1209

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RS 9:3574.9
§3574.9. Actions for damages
A. Any borrower injured by a violation of this Part may bring an action for recovery of damages. Judgment shall be entered for actual damages, but in no case less than the amount paid by the borrower to the loan originator or broker, plus reasonable attorney fees and costs. A penalty not to exceed three times the amount of actual damages may also be assessed the loan originator or broker and be awarded to the borrower.
B. Any borrower injured by a violation of this Part may bring an action against the surety bond or trust account, if any, of the loan originator or broker.
C. The remedies provided under this Part are in addition to any other procedures or remedies for any violation or conduct provided for in any other law.
Acts 1992, No. 346, §1, eff. June 17, 1992.
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