Louisiana Revised Statutes & Codes
La. Rev. Stat. § 9:3506 (2026)
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✓ current as of May 2026
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§3506. Application
The provisions of R.S. 9:3502-9:3506 shall apply only to conventional obligations bearing simple interest from date on the unpaid balance and shall not apply to or affect precomputed interest or discount loans; nor shall it affect the enforceability or collectibility of notes or obligations as provided in R.S. 9:3500. Notwithstanding the twelve percent simple interest rate limitations under R.S. 9:3503, the provisions of R.S. 9:3504 and 3505 shall apply to federally related mortgage loans subject to 12 U.S.C. §1735f-5 that bear simple interest at rates in excess of twelve percent per annum.
Acts 1969, No. 28, §5; Acts 1986, No. 584, §2, eff. July 2, 1986; Acts 2004, No. 743, §3, eff. Jan. 1, 2005.
Notes of Decisions
Cited in 1
case, 2016–2016 · leading case: Lomont v. Myer-Bennett, 210 So. 3d 435 (La. Ct. App. 2016).
Lomont v. Myer-Bennett, 210 So. 3d 435 (La. Ct. App. 2016). “Lomont conceded at oral argument before this Court, that both par *445 ties were under the impression that Ms.”
La. Rev. Stat. § 9:3506(E): 1 case
Lomont v. Myer-Bennett, 210 So. 3d 435 (La. Ct. App. 2016). “Lomont conceded at oral argument before this Court, that both par *445 ties were under the impression that Ms.”
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