LA HB470

Defines "revenue-based financing transaction" as an agreement where a commercial enterprise sells a percentage of its sales, revenue, or income, with payment obligations that fluctuate based on actual business volume

Explicitly classifies these transactions as not being loans for "use, forbearance, or detention of money," meaning fees and charges are not considered interest under Louisiana law

Requires written disclosure to be provided at or before consummation, with only one disclosure needed per transaction (no new disclosures required for modifications or forbearances)

Mandates disclosure of six specific items: total funds provided, total funds actually disbursed, total repayment amount, total dollar cost, payment manner/frequency/amount, and prepayment terms

Requires explanation of variable payment methodology and circumstances under which payments may change when payment amounts are not fixed