Louisiana

For Louisiana, statute citation is La. Rev. Stat. §§ 9:3591.1 through 9:3591.7 (Act No. 496, HB 368, 2025); product classification is not a loan; not money transmission; not debt collection; free option required is yes — whenever provider offers consumer the option to receive proceeds for a fee or solicits a tip, must provide at least one reasonable option to obtain the same amount of proceeds at no cost; late fees prohibited is yes — provider shall not charge a late fee, deferral fee, interest, or any other charge for failure to repay outstanding proceeds; collection limits is provider shall not compel repayment by civil suit, outbound calls, third-party collector, or sale to debt buyer, recorded from its source on 2026-08-18.

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.

What the source says

not deemed to be engaging in lending, a money 24 transmission, or a debt collection in this state or in violation of the laws of this state 25 relating to the payment of minimum or overtime wages, deductions from payroll, 26 salary, wages, compensation or other income, or the sale or assignment of,

— legis.la.gov, retrieved 2026-08-18

Source

• legis.la.govhttps://www.legis.la.gov/Legis/ViewDocument.aspx?d=1427687

Last verified against source: 2026-08-18. Due for re-check by 2027-02-14. This page as Markdown · OKF bundle · full dataset as JSON.