{
  "urn": "urn:us-la:rs:9:3506",
  "title_number": "9",
  "section_number": "3506",
  "citation": "R.S. 9:3506",
  "heading": "Application",
  "text": "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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "9",
      "name": "CIVIL CODE--ANCILLARIES"
    },
    {
      "level": "code_preliminary_title",
      "number": "1",
      "name": "[BLANK]"
    },
    {
      "level": "code_book",
      "number": "III",
      "name": "OF THE DIFFERENT MODES OF ACQUIRING THE OWNERSHIP OF THINGS PRELIMINARY TITLE - GENERAL DISPOSITIONS (BLANK)"
    },
    {
      "level": "code_title",
      "number": "XII",
      "name": "OF LOAN"
    },
    {
      "level": "chapter",
      "number": "1",
      "name": "INTEREST"
    },
    {
      "level": "part",
      "number": "I",
      "name": "IN GENERAL"
    }
  ],
  "breadcrumb": "Title 9 › Code Preliminary Title › Code Book III › Code Title XII › Chapter 1 › Part I",
  "acts_citations": [
    {
      "act_year": 1969,
      "act_number": 28,
      "section": 5,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 1986,
      "act_number": 584,
      "section": 2,
      "effective_date": "1986-07-02",
      "effective_date_raw": "July 2, 1986",
      "role": "amendment"
    },
    {
      "act_year": 2004,
      "act_number": 743,
      "section": 3,
      "effective_date": "2005-01-01",
      "effective_date_raw": "Jan. 1, 2005",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1969, No. 28, §5; Acts 1986, No. 584, §2, eff. July 2, 1986; Acts 2004, No. 743, §3, eff. Jan. 1, 2005.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=107584",
  "website_law_id": 107584,
  "scrape_timestamp": "2026-05-22T23:55:23Z",
  "source_html_hash": "sha256:6b0cec4db2bb7d059e4b20b442572c631aa0acf4e44a849029081907a10223bd",
  "schema_version": "1.0.0"
}