HLS 25RS-988 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 582
BY REPRESENTATIVE LACOMBE
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FINANCIAL INSTITUTIONS: Provides relative to deferred presentment transactions and
small loans
1 AN ACT
2To amend and reenact R.S. 9:3578.3(2)(c) and 9:3578.4(A)(1) and to enact R.S.
3 9:3578.4(D), relative to deferred presentment transactions and small loans; to revise
4 a definition; to provide for finance charge and fees; to provide for the calculation of
5 a new maximum outstanding principal balance; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 9:3578.3(2)(c) and 9:3578.4(A)(1) are hereby amended and
8reenacted and R.S. 9:3578.4(D) is hereby enacted to read as follows:
9 §3578.3. Definitions
10 As used in this Chapter, the following terms have the following meanings
11 ascribed to them:
12 * * *
13 (2) "Deferred presentment transaction" means a transaction made pursuant
14 to a written agreement whereby a licensee:
15 * * *
16 (c) Pays to the issuer of the check the amount of the check less the fee
17 permitted in R.S. 9:3578.4(A). The amount paid to the issuer of the check may not
18 exceed three hundred fifty seven hundred dollars.
19 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-988 ORIGINAL
HB NO. 582
1 §3578.4. Finance charge and fees
2 A.(1) In conjunction with a deferred presentment transaction or small loan,
3 a licensee may charge a fee not to exceed sixteen and seventy-five one hundredths
4 percent of the face amount of the check issued or in the case of a small loan, the
5 equivalent rate of interest, provided however that such fee or interest does not exceed
6 forty-five dollars, regardless of the name or type of charge.
7 * * *
8 D. Beginning January 1, 2026, the Office of Financial Institutions shall issue
9 a memo authorizing a new maximum outstanding principal balance permitted. The
10 new amount shall be calculated by applying any increase or decrease in the United
11 States Bureau of Labor Statistics Consumer Price Index for all Urban Consumers
12 (CPI-U) for the previous calendar year to the previous maximum outstanding
13 principal balance and rounding the amount upward to the nearest ten-dollar
14 increment.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 582 Original 2025 Regular Session LaCombe
Abstract: Provides relative to deferred presentment transactions and small loans.
Present law defines "commissioner", "deferred presentment transaction", "licensee", "partial
payment", "prepayment", and "small loan".
Proposed law changes the monetary amount provided for in the deferred presentment
transaction definition. Proposed law otherwise retains present law.
Present law allows a licensee, in conjunction with a deferred presentment transaction or
small loan, to charge a fee not to exceed a certain percentage as specified in present law
(R.S. 9:3578.4(A)) of the face amount of the check issued, or in the case of a small loan, the
equivalent rate of interest, provided, however, that such fee or interest does not exceed
$45.00, regardless of the name or type of charge.
Proposed law removes the provision that prohibits the fee or interest from exceeding $45.00.
Proposed law otherwise retains present law.
Proposed law requires the Office of Financial Institutions, beginning Jan. 1, 2026, to issue
a memo authorizing a new maximum outstanding principal balance permitted. Proposed law
further provides the formula for how the new amount shall be calculated.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-988 ORIGINAL
HB NO. 582
(Amends R.S. 9:3578.3(2)(c) and 9:3578.4(A)(1); Adds R.S. 9:3578.4(D))
Page 3 of 3
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.