{"data":{"id":"us-la/rs-23-691","jurisdiction":"us-la","citation":"RS 23:691","heading":"Maximum interest rate; penalty for violations","body":"No person shall, whether for his own account or for that of any other person, advance money to any one of his employees at a greater rate of interest than eight percent per annum. This provision shall not apply to financial institutions that are subject to R.S. 6:289. Whoever violates the provisions of this Section shall be fined not less than twenty-five dollars nor more than one hundred dollars or imprisoned for not more than three months, or both.","path":["TITLE 23. LABOR AND WORKER'S COMPENSATION","CHAPTER 7. LOANS","PART I. LOANS BY EMPLOYERS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=83965","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:54:51Z","sha256":"1a813dcf0615096832845a44067b0d3d824ebc7a6b15a7c7b946cb9ebe3b5caa","source_id":"us-la","stale":false,"prev":"us-la/rs-23-669","next":"us-la/rs-23-731"},"notice":"GroundRules: Original legal text. Not legal advice."}