Car Title Loans in Louisiana2026 Guide
Louisiana allows title loans with clear licensing requirements.
Legal Status & Regulations
Governing Law
La. Rev. Stat. § 6:1001
Last Reviewed: April 2026
Law Summary
The Louisiana Motor Vehicle Title Loan Act (La. Rev. Stat. § 6:1001) governs these loans. Lenders must be licensed by the Office of Financial Regulation. While there is no statutory interest rate cap, lenders must disclose all fees and the APR clearly. Loans are typically 30 days and can be renewed, with specific rules regarding vehicle repossession and sale. Louisiana law requires that lenders provide a notice of default and a right to cure before repossession. If a vehicle is repossessed, the lender must follow strict procedures for the sale and provide a detailed accounting to the borrower. Any surplus from the sale must be returned to the borrower after the debt and reasonable repossession costs are satisfied.
Real Rate Example in Louisiana
A $1,500 loan in Louisiana at a typical market rate of No cap APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Max Loan Amount
No limit
Max APR / Rate
No cap
Loan Term Range
Varies
Governing Body
LA Office of Financial Institutions