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Louisiana Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 12% maximum (Civ. Code Ann. Art. 2924) |
| Penalty for Usury (Unlawful Interest Rate) | Entire interest forfeited (§9:3501) (Civ. Code Ann. Art. 2924) |
| Interest Rates on Judgments | Legal interest (§13:4202); state agencies: 6% (§13:5112) |
| Exceptions | Secured by mortgage (§9:3504); borrowing for commercial/business purposes (§9:3509); obligation secured by a mortgage (§9:3504) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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