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LA HB545

Bill

Official Source

Status

Introduced

2/26/2026

Primary Sponsor

Neil Riser

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Raises the threshold for the highest interest rate tier (36% per year) on consumer loans from $1,400 to $10,000 in unpaid principal
  • Increases the second tier threshold (27% per year) from $1,400-$4,000 to $10,000-$20,000, and the third tier (24% per year) applies to amounts exceeding $20,000
  • Eliminates the fourth tier that previously applied 21% per year to loan portions exceeding $7,000
  • Increases the maximum origination fee lenders may charge on consumer loans or revolving loan accounts from $50 to $75
  • Amends R.S. 9:3519(A) and 3530(A)(1) governing maximum charges by licensed lenders and supervised financial organizations

Legislative Description

Changes fees charged by lenders

FEES/LICENSES/PERMITS

Last Action

Read by title, under the rules, referred to the Committee on Commerce.

3/9/2026

Committee Referrals

Commerce2/26/2026

Full Bill Text

No bill text available