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Can I collect PayPal information from participants in Louisiana? What are the requirements?

Collecting PayPal Information in Louisiana

Louisiana does not have any specific laws or regulations regarding the collection of PayPal information from participants. However, it is important to ensure that any collection of personal information, including PayPal information, complies with applicable federal and state laws, such as the Electronic Fund Transfer Act (EFTA) and the Louisiana Consumer Credit Law.

Under the EFTA, entities that collect electronic fund transfer (EFT) information, including PayPal information, must provide certain disclosures to consumers and obtain their consent before initiating any EFTs. Additionally, the Louisiana Consumer Credit Law requires that any entity that collects personal information, including PayPal information, must take reasonable steps to protect that information from unauthorized access or disclosure.

Therefore, if you plan to collect PayPal information from participants in Louisiana, it is recommended that you consult with a legal professional to ensure that your collection and use of that information complies with all applicable laws and regulations.

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Source(s):
Jurisdiction

Louisiana