The Louisiana Medical Debt Protection Act, enacted as Chapter 15 of Title 51 of the Louisiana Revised Statutes, establishes new protections for consumers regarding medical debt. This legislation defines key terms such as "medical creditor," "medical debt," and "medical debt collector," and specifies that medical debt arises from healthcare services, including necessary products and transportation. Notably, the Act excludes certain types of debts, such as those from federally insured financial institutions or credit cards.

A significant provision of the Act is the limitation on interest rates for medical debt, which cannot exceed three percent per annum. Any contractual agreements that impose a higher rate are deemed void. The Act also empowers the attorney general to enforce its provisions and establish a complaint process for consumers to report violations by medical creditors or debt collectors. Complaints will be public records, but personal identifying information of the complainants will remain confidential. The Act will take effect upon the governor's signature or after the designated period for bills to become law without a signature.