LOAN BROKERS: Enacts the Louisiana Consumer Alternative Installment Loan Act (RE INCREASE SG EX See Note)

The repeal of R.S. 6:661.1(A)(2) was removed from the bill's purpose statement.

Section 3530.7 was removed, reducing the total number of enacted sections from seven to six.

The definition for 'Consumer Price Index for All Urban Consumers' was removed from the definitions section.

Fixed a typo in the definition of 'precomputed consumer loan' that incorrectly cited R.S. 9:3516(25) as R.S. 9:3530.3, ensuring the bill applies to the correct legal definition of consumer credit transactions.

Removed a duplicate paragraph (Section 17) that repeated the exclusion of business or commercial loans, which appeared twice in the original engrossed version.

Reorganized the bill to place the enforcement clause (Section 22) immediately after the lender's options, and added a new Section 25 to explicitly state that the Louisiana Consumer Credit Law applies to this part, replacing scattered references.

Reordered the sections to align with standard legislative formatting, moving the 'Calculation of interest' section to follow the definitions and removing redundant headers.