La. Admin. Code tit. 10 § XV-901
Bond for Deed- a contract to sell real property, in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller, after payment of a stipulated sum, agrees to deliver title to the buyer.
Buyer- a prospective transferee of title to real property which is the subject of the bond for deed transaction.
Commissioner- the Commissioner of the Office of Financial Institutions.
Escrow Agent- a person designated by the parties to a bond for deed transaction who distributes payments made by the buyer to the seller, or on behalf of the seller, to any person in accordance with a written bond for deed escrow agent agreement.
Person- any individual, firm, corporation, limited liability company, partnership, association, trust, or legal or commercial entity, or other group of individuals, however organized.
Principal Shareholder- a person owning in excess of 10 percent of the total outstanding shares of a corporation, a limited liability company or other legal or commercial entity.
Real Property- immovable property located in Louisiana.
Seller- a prospective transferor of title to real property which is the subject of the bond for deed transaction.
La. Admin. Code tit. 10, § XV-901