Louisiana
What is the interest rate cap for Louisiana?
For Louisiana, interest rate cap is three percent per annum; effective date is This Act shall become effective upon signature by the governor; statute citation is La. R.S. 51:1503, recorded from its source on 2026-09-02.
§1503. Interest rate limitation 18 Interest on medical debt arising from medically necessary care shall not 19 exceed three percent per annum. Any contractual provision imposing a higher 20 rate is void.
— legis.la.gov, retrieved 2026-09-02
- jurisdiction
- Louisiana our reading
- interest rate cap
- three percent per annum verified
- effective date
- This Act shall become effective upon signature by the governor verified
- statute citation
- La. R.S. 51:1503 our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Where each value comes from
The value above is stated away from the sentence quoted with the answer, so the passage that states it is shown here too.
effective date
Section 2. This Act shall become effective upon signature by the governor or, if not 2 signed by the governor, upon expiration of the time for bills to become law without signature 3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana.
— all from legis.la.gov, retrieved 2026-09-02
Source
- legis.la.govhttps://www.legis.la.gov/legis/ViewDocument.aspx?d=1481256