Louisiana Revised Statutes Tit. 9, § 3578.3. Definitions

(1) “Commissioner” means the commissioner of the office of financial institutions.

(2) “Consumer Price Index for All Urban Consumers” means the All Items Consumer Price Index for All Urban Consumers for the U.S. city average reported on a not seasonally adjusted basis published by the United States Bureau of Labor Statistics.

(3) “Deferred presentment transaction” means a transaction made pursuant to a written agreement whereby a licensee:

(4) “Licensee” means a person licensed pursuant to this Chapter that offers deferred presentment transactions or small loans, or both.

(5) “Partial payment” means a payment of fifty dollars or more on a deferred presentment transaction or small loan.

(6) “Prepayment” means payment in full of the deferred presentment transaction or small loan amount prior to the end of the term of that transaction or loan.

(7) “Small loan” means a consumer loan, as defined in R.S. 9:3516, of three hundred fifty dollars or less, made for a term of sixty days or less.