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#1965536 - 09/29/14 09:03 PM Maximum Loan Fee
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 110
Louisiana
Can anyone tell me what the maximum loan fee for small unsecured loans is in Louisiana? Thanks.

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#1965546 - 09/29/14 09:34 PM Re: Maximum Loan Fee ComplianceNewby
EdOils Offline
Platinum Poster
EdOils
Joined: Jan 2004
Posts: 555
Louisiana
That depends on a couple of things. If you give me more info, I will try to point you in the right direction.

Are you talking about loans written under the Louisiana Consumer Credit Law (LCCL) or the Louisiana Deferred Presentment and Small Loan Act?

Which fee are you talking about? Finance Charge (interest)? Origination fee? Documentation Fee? NSF Fee? Late Fee? etc...

If you are a member of the LBA, you can view the LA Banking Laws book for free in the members section of their website. Comes in handy sometimes...
_________________________
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#1965548 - 09/29/14 09:37 PM Re: Maximum Loan Fee ComplianceNewby
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 110
Louisiana
I am talking about loans that would fall under the Louisiana Consumer Credit Law. And the Origination fee is what I am wondering about. I am looking at the LA Banking Laws book and it refers to the finance charge but not the closing or origination fee.

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