# Louisiana — State limits on medical debt interest, garnishment and lawsuits

For Louisiana, statute is R.S. 51:1501 through 1504; interest rate cap is three percent per annum; effective date is effective upon signature by the governor, verified against its source on 2026-08-31.

- **State:** Louisiana _(our reading, not quoted from the source)_
- **Statute:** R.S. 51:1501 through 1504 _(verified: appears in its own passage below)_
- **Interest rate cap:** three percent per annum _(verified: appears in its own passage below)_
- **Effective date:** effective upon signature by the governor _(verified: appears in its own passage below)_

## What the source says

> §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.

## Where each value comes from

This source states these in separate places, so each value is shown with the passage that states it.

### Statute

> To enact Chapter 15 of Title 51 of the Louisiana Revised Statutes of 1950, to be comprised 3 of R.S. 51:1501 through 1504, relative to medical debt protection;

### Interest rate cap

> 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.

### 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.

## Source

- https://www.legis.la.gov/legis/ViewDocument.aspx?d=1479321

Last verified: 2026-08-31. Review by: 2026-12-29.
Part of [State limits on medical debt interest, garnishment and lawsuits](https://referencesource.org/medical-debt-collection-restrictions-by-state/).