Usufruct
R.S. 23:691

Maximum interest rate; penalty for violations ACTIVE

No person shall, whether for his own account or for that of any other person, advance money to any one of his employees at a greater rate of interest than eight percent per annum. This provision shall not apply to financial institutions that are subject to R.S. 6:289. Whoever violates the provisions of this Section shall be fined not less than twenty-five dollars nor more than one hundred dollars or imprisoned for not more than three months, or both.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 2001, No. 814, §1

Section navigation

Cite R.S. 23:691

Bluebook
La. Rev. Stat. Ann. § 23:691 (2026).
Permalink
https://theusufruct.com/rs/title-23/section-691
BibTeX
@misc{larevstat-23-691,
  title        = {La. Rev. Stat. Ann. § 23:691},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-23/section-691},
  note         = {Snapshot 2026-05-22}
}