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CC 1866 - Payment imputed to interest
Universal Citation:
LA Civ Code 1866 (2017)
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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.
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