Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
Louisiana requires face amount and cash received to be shown separately
The deferred-presentment definition describes the amount paid to the consumer after the fee is withheld. Payday Hex therefore shows face amount, statutory fee and net cash as three separate values instead of calling them all the ‘loan amount.’ LA_35783
The 16.75% ceiling is applied to the face amount
For deferred presentment, Louisiana caps the fee at 16.75% of the face amount of the check. The state calculator uses that base explicitly so users can audit the fee math. LA_35784
Deferred presentment and the statutory small-loan definition are not merged
Louisiana separately defines a small loan of $350 or less with a term of 60 days or less. Payday Hex keeps that product distinction visible when routing a need that does not fit the deferred-presentment path. LA_35783
A simple fee-only rollover is not treated as a normal renewal option
The state’s prohibited-acts section restricts renewals/rollovers and describes a specific partial-payment/new-balance structure. The page uses the current statutory rule rather than a generic rollover module. LA_35786