House Bill No. 545, introduced by Representative Riser, amends R.S. 9:3530(A)(1) to increase the maximum origination fee that lenders can charge on consumer loans or revolving loan accounts. The bill changes the maximum fee from fifty dollars to seventy-five dollars, thereby allowing lenders to charge a higher fee for processing these loans.

The bill does not include any other significant changes to the existing law regarding maximum loan finance charges for consumer loans, as provisions related to those charges were removed during the committee amendments. Overall, the primary focus of the bill is to adjust the origination fee limit to better reflect current lending practices.

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