Usufruct
R.S. 9:3503

Maximum rate of conventional interest on certain loans ACTIVE

Unless otherwise provided, the amount of simple conventional interest on obligations bearing interest from date and secured in whole or in part, directly or indirectly, by a mortgage on immovable property, shall not exceed twelve percent per annum. The same must be fixed in writing. Testimonial proof of it is not admitted in any case.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • enactment Acts 1969, No. 28, §2
  • amendment Acts 1979, No. 205, §1, eff. July 6, 1979
  • amendment Acts 1995, No. 1184, §2

Section navigation

Cite R.S. 9:3503

Bluebook
La. Rev. Stat. Ann. § 9:3503 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-3503
BibTeX
@misc{larevstat-9-3503,
  title        = {La. Rev. Stat. Ann. § 9:3503},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-3503},
  note         = {Snapshot 2026-05-22}
}