La. Stat. tit. 23 § 691
Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
No person shall, whether for his own account or for that of any other person, advance money to any one of his employees at a greater rate of interest than eight percent per annum. This provision shall not apply to financial institutions that are subject to R.S. 6:289. Whoever violates the provisions of this Section shall be fined not less than twenty-five dollars nor more than one hundred dollars or imprisoned for not more than three months, or both.
La. R.S. § 23:691