Payment imputed to interest

La. Civ. Code art. 1866

La. Civ. Code art. 1866

Art. 1866. Payment imputed to interest An obligor of a debt that bears interest may not, without the obligee's consent, impute a payment to principal when interest is due. A payment made on principal and interest must be imputed first to interest. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.