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.
(Amends R.S. 9:3578.3(2)(c) and 9:3578.4(A)(1); Adds R.S. 9:3578.4(D))