I am being asked if we can raise our consumer fee on consumer non auto loans. I am told that there was a revision to RS 9:3530, but I have not found anything regarding a revision. Can anyone tell me if this still accurate?...

A lender may charge an origination fee that does not
exceed fifty dollars on a consumer loan or revolving
loan account.

Is that a State law?

yes, sorry, I have reposted under State Specific.

Timing is everything ... I was asked the same question by our CCO today, just moments ago.

There is a statute in my state that limits fees on certain types of loans, and we can work with that. But what I've been asked specifically is, bearing in mind our state limits, are there any other limitations on origination fees?

It's customary to charge 1% in some cases, and in other cases a flat fee...largely dependent on the type of loan (RE versus Auto, for example). Is there any regulation that speaks to this, or can we really charge anything we darn well please?

You can charge anything you want as long as you comply with State law.

That's what I was hoping to hear