Cash advance app rules in Louisiana

Fees

• No dollar cap on fees appears in the Act.
• Whenever a provider offers proceeds for a fee or asks for a tip, it must also offer at least one reasonable way to get the same amount at no cost and clearly explain how to choose it (R.S. 9:3591.3(5)).
• Before an agreement, the provider must fully and clearly disclose all provider-imposed fees or a fee schedule (R.S. 9:3591.3(2)).
• Providers that charge fees must file an annual report with the Office of Financial Institutions by March 1, and OFI publishes aggregate data by July 1 (R.S. 9:3591.6).

Tips

• Immediately before each transaction, the provider must clearly and conspicuously disclose that a tip may be zero and is voluntary (R.S. 9:3591.3(9)).
• The agreement must say that the amount and frequency of advances do not depend on tips (R.S. 9:3591.3(9)).
• The provider may not tie the amount or frequency of advances to fees or tips, mislead consumers about tips, or say tips benefit specific individuals (R.S. 9:3591.4(6), (7)).
• The provider may not share fees or tips with the employer (R.S. 9:3591.4(2)).

Other rules

• No lawsuits, unsolicited outbound calls, third-party collection or debt sales to collect (R.S. 9:3591.4(1)).
• No requiring a credit score; no credit card payments; no late fees, deferral fees or interest for non-repayment (R.S. 9:3591.4(3)-(5)).
• No false, misleading or deceptive advertising (R.S. 9:3591.4(8)).
• The provider must reimburse overdraft or NSF fees caused by early or wrong-amount debits (R.S. 9:3591.3(8)).
• A provider that complies with R.S. 9:3591.3 and 3591.4 is not deemed to be engaged in lending, money transmission or debt collection (R.S. 9:3591.5).
• Enacted as Acts 2025, No. 496 (HB 368), which became law without the Governor's signature.

What we could not confirm

• Whether OFI has published an aggregate EWA report (due by July 1 each year): OFI's website returned HTTP 403 and was not checked.