A 2025 law raised the maximum proceeds for Louisiana deferred-presentment transactions from $350 to $700 and removed the former $45 fee cap. Do not rely on older limits; request an itemized current charge and total due.
Louisiana OFI says covered contracts must include an extended payment plan. Its consumer FAQ also says a pre-due-date payment of $50 or more must be accepted and applied to the balance; ask how the remaining due amount changes.
OFI regulates payday lenders and publishes statutes, policies, and consumer information. If the agreement, charge, or collection differs from what you were told, complain to OFI with the contract and account records.
Official reference: Louisiana OFI — 2025 Deferred-Presentment Law Summary. Checked November 11, 2026.