Louisiana Statutes
§ 9:3503 — Maximum rate of conventional interest on certain loans
Louisiana·Title 9 Civil Code-Ancillaries
Unless otherwise provided, the amount of simple conventional interest on obligations bearing interest from date and secured in whole or in part, directly or indirectly, by a mortgage on immovable property, shall not exceed twelve percent per annum. The same must be fixed in writing. Testimonial proof of it is not admitted in any case.
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Related
Thrift Funds of Baton Rouge, Inc. v. Jones
274 So. 2d 150 (Supreme Court of Louisiana, 1973)
Joseph A. Roccaforte, Jr. And Sandra F. Roccaforte, Cross-Appellants v. Commissioner of Internal Revenue, Cross-Appellee
708 F.2d 986 (Fifth Circuit, 1983)
Blanchard v. Progressive Bank & Trust Co.
413 So. 2d 589 (Louisiana Court of Appeal, 1982)
Floyd v. Baton Rouge Sash & Door Co.
502 So. 2d 1073 (Supreme Court of Louisiana, 1987)
Legislative History
Acts 1969, No. 28, §2. Amended by Acts 1979, No. 205, §1, eff. July 6, 1979; Acts 1995, No. 1184, §2.
Nearby Sections
15
§ 9:3501
§ 9:3501§ 9:3502
Statement of policy§ 9:3506
Application§ 9:3506.1
Time for accrual of interest; penalties§ 9:3509.3
Prepayment of loan