Louisiana HB545 raises the maximum origination fee for consumer loans from $50 to $75.
Louisiana HB545 amends existing law to increase the maximum origination fee that lenders can charge on consumer loans and revolving loan accounts from $50 to $75. The bill also revises the maximum loan finance charges for consumer loans, setting different percentages for various loan amounts. These changes apply to loans made by licensed lenders or supervised financial organizations, excluding those made with a lender credit card.
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