Current with operative changes from the 2024 Third Special Legislative Session
Section 9:3534 - Fees; attorney, collection agencyA. Any consumer credit transaction agreement may provide for the payment by the consumer of attorney's fees not in excess of twenty-five per cent of the unpaid debt after default and referral to an attorney for collection.B. An extender of credit may not contract with a consumer for the reimbursement of fees paid to a collection agency employed to collect the consumer's indebtedness.Acts 1986, No. 584, §1, eff. July 2, 1986.Acts 1986, No. 584, §1, eff. 7/2/1986.