HB 952 Louisiana House · 2026 Regular Session

CREDIT/CONSUMER LOANS: Provides relative to consumer loans

HB 952 sets new interest rate caps for consumer loans in Louisiana, limiting finance charges to 36% annually on the first $1,410 borrowed, 30% on amounts between $1,410 and $20,000, 24% on amounts between $20,000 and $7,000, and 21% on amounts exceeding $7,000. It also requires lenders to charge no more than $75 as an origination fee and mandates free credit education programs covering budgeting, credit scores, and identity theft prevention. The bill adds provisions requiring lenders to notify borrowers of disaster assistance programs within 10 days after a FEMA disaster declaration and to suspend late fees, repossession actions, and lawsuits for 60 days during such disasters. These changes directly affect Louisiana borrowers of consumer loans and lenders operating in the state.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Mar 2026

House Passage

Apr 2026

Senate Passage

Governor

Introduced Feb 27, 2026 Last action Apr 20, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

HB952 Reengrossed → HB952 Engrossed · 4 edits · Apr 14, 2026

MODERATE

The bill was finalized as the 'Engrossed' version, replacing the previous 'Reengrossed' status. Substantive changes include adjusting the loan amount thresholds for interest rate tiers and modifying the scope of legal actions suspended during disasters. Additionally, the requirement for lenders to offer credit education was clarified to explicitly state that participation cannot be a condition for obtaining a loan.

Scope change

The bill's scope regarding disaster relief was narrowed by removing the word 'all' from the list of suspended actions, and the scope of the credit education requirement was clarified to prohibit making participation a condition of a loan.

REQUIREMENT

Adjusted the dollar thresholds for calculating tiered interest rates on loans, changing the cutoff points from $1,402,500 and $4,100,000 to $1,405,000 and $4,200,000 respectively.

Clarified the financial literacy requirement by explicitly stating that a lender cannot require a borrower to participate in a credit education program as a condition of receiving a loan.

ENFORCEMENT

Modified the disaster relief section to remove the word 'all' before the list of suspended actions, slightly narrowing the scope of the suspension.

TECHNICAL

Updated the document header to reflect the final 'Engrossed' status of the bill.

Floor votes · House Apr 14, 2026

How they voted

78–11

Passed · 16 other

Total votes 105

Apr 14, 2026

D Democratic33

23 Yea 10

69% Yea

R Republican72

55 Yea 11 Nay 6

76% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 14, 2026

Lower · Passed

Read third time by title, amended, roll called on final passage, yeas 78, nays 11. The bill, having received two-thirds vote of the elected members, was finally passed, title adopted, ordered to the Senate.

lower

Mar 17, 2026

Lower · Passed

Reported with amendments (15-0).

lower

Mar 9, 2026

Committee

Read by title, under the rules, referred to the Committee on Commerce.

lower

Feb 27, 2026

Committee

Under the rules, provisionally referred to the Committee on Commerce.

lower

1 primary · 0 co-sponsors