Louisiana Payday Loan Laws
Louisiana Payday loan laws. Louisiana Payday loan legislation. Louisiana Payday Loans $16.75% of the face amount of check.
Louisiana Payday Loans Maximum term of 30 days. Louisiana Payday Loans Maximum cash advance amount allowable is $350. Louisiana Payday Loans Rollovers are prohibited (but can accept partial payment of 25% + fees and enter into a new agreement).
Louisiana State Payday Loan Laws and Legislation InformationLouisiana Payday Loans Legal Status: Legal Louisiana Payday Loans Citation:
La. Stat. Ann. § 9:3578.1 et seq. Louisiana Payday Loans Terms:
Louisiana Payday Loans Maximum Loan Amount: $350
Louisiana Payday Loans Term: 60 days
Louisiana Payday Loans Maximum Finance Rate and Fees: $5 documentation fee + the greater of 16.75% of check or $45 (After default: months 1-12: 36% per year; months 13 and beyond: 18% per year)
Louisiana Payday Loans Finance Charge for 14-day $100 loan: $25
APR for 14-day $100 loan: 650% Louisiana Payday Loans Debt Limits:
Louisiana Payday Loans Maximum Number of Outstanding Loans at One Time: Not Specified
Louisiana Payday Loans Rollovers Permitted: None (cannot renew or rollover but licensee may accept partial payment of 25% of amount advanced plus fees and enter into new loan)
Louisiana Payday Loans Cooling-off Period:
Louisiana Payday Loans Repayment Plan: Louisiana Payday Loans Collection Limits:
Louisiana Payday Loans Collection Fees: One NSF fee of actual bank charge (if disclosed) + the greater of $25 or 5% of check (if disclosed); Court Costs; Reasonable Attorney's Fees
Louisiana Payday Loans Criminal Action: Prohibited Louisiana Payday Loans Regulator: Louisiana Office of Financial Institutions
Louisiana Payday Loans Address: P.O. Box 94095 Baton Rouge LA 70804
Louisiana Payday Loans Phone Number: (225) 925-4660
Louisiana Payday Loans Fax: (225) 925-4548
Louisiana Payday Loans Regulatory Contact: John J. Braud,, Deputy Chief Examiner |
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