| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | recent_law_unverified |
| What that means in practice | F5259 could NOT retrieve the enacted text of Act 807 or the codified R.S. 37:1448.5 from legis.la.gov -- the only R.S. 37:1448.5 text F5259 located is a 2025 'Advertising requirements' provision from HB 139, which is a DIFFERENT subject. The two cannot both be current as described. Until the codified section is read, Louisiana fails closed. DO NOT rely on the association summary as the rule. |
| What triggers a licence requirement | UNVERIFIED. Louisiana REALTORS (the state association) reports that HB 468 was enacted as Act 807 effective 2026-08-01, adding definitions of 'residential real property', 'wholesaler' and 'wholesaling' at La. R.S. 37:1431(35)-(37) and enacting La. R.S. 37:1448.5 to regulate wholesaling of residential property (disclosures, written agreements, notices, deposits, enforcement). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | EXCLUDE |
| Condition the gate enforces | EXCLUDED until La. R.S. 37:1431(35)-(37) and 37:1448.5 are read at primary source. This is the single highest-value research gap in the matrix (new law, large market). |
| Verification status | UNVERIFIED |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | NO |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | NO |
| tax delinquent | NO |
the whole grid · probate in LA · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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