Usufruct
R.S. 9:3506

Application ACTIVE

The provisions of R.S. 9:3502-9:3506 shall apply only to conventional obligations bearing simple interest from date on the unpaid balance and shall not apply to or affect precomputed interest or discount loans; nor shall it affect the enforceability or collectibility of notes or obligations as provided in R.S. 9:3500. Notwithstanding the twelve percent simple interest rate limitations under R.S. 9:3503, the provisions of R.S. 9:3504 and 3505 shall apply to federally related mortgage loans subject to 12 U.S.C. §1735f-5 that bear simple interest at rates in excess of twelve percent per annum.

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JSON Markdown Source (legis.la.gov)

References

Cited by

History

  • enactment Acts 1969, No. 28, §5
  • amendment Acts 1986, No. 584, §2, eff. July 2, 1986
  • amendment Acts 2004, No. 743, §3, eff. Jan. 1, 2005

Section navigation

Cite R.S. 9:3506

Bluebook
La. Rev. Stat. Ann. § 9:3506 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-3506
BibTeX
@misc{larevstat-9-3506,
  title        = {La. Rev. Stat. Ann. § 9:3506},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-3506},
  note         = {Snapshot 2026-05-22}
}