This bill amends Louisiana's Revised Statutes, specifically R.S. 9:3530(A)(1), to adjust the maximum origination fee that lenders can charge on consumer loans or revolving accounts. The previous maximum fee of fifty dollars has been increased to seventy-five dollars, allowing lenders to charge a higher fee for processing these loans.

The change aims to provide lenders with more flexibility in their fee structures while ensuring that consumers are aware of the maximum charges they may incur. This adjustment reflects a response to the evolving financial landscape and the need for lenders to cover their costs effectively.

Statutes affected:
HB545 Original: 9:3519(A), 9:3530(A)(1)
HB545 Engrossed: 9:3530(A)(1)
HB545 Enrolled: 9:3530(A)(1)
HB545 Act : 9:3530(A)(1)