Louisiana § RS 6:1260 - Authorized charges
Full text of Louisiana Louisiana Civil Code § RS 6:1260 — Authorized charges, with citation guidance and answers to common questions.
§ RS 6:1260. Authorized charges
A. A savings bank may charge a penalty for nonpayment when due, of installments, interest, or premiums on loans.
B. A savings bank may make such charges or receive reimbursement for any expenses, other than ordinary business expenses, incurred by it or as provided by any contract.
C. All fees, charges, and penalties collected shall be accounted for as a part of the receipts of the savings bank.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:1260
What does Louisiana Civil Code § RS 6:1260 cover?
Section RS 6:1260 ("Authorized charges") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 6:1260?
A common citation format is "Louisiana Civil Code § RS 6:1260" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 6:1260 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.