La. Stat. tit. 9 § 3578.2
Current with changes from the 2024 Legislative Session
It is the intent of the legislature to regulate deferred presentment transactions and small loans. These loans meet a legitimate credit need for many consumers; however, in order to protect consumers from excessive charges, it is the intent of the legislature to put certain restrictions on lenders who make these loans.
La. R.S. § 9:3578.2