diff --git a/liquidity/interface.go b/liquidity/interface.go
index 4c695ad..c05091c 100644
--- a/liquidity/interface.go
+++ b/liquidity/interface.go
@@ -5,6 +5,7 @@ import (
 	"github.com/lightninglabs/loop"
 	"github.com/lightningnetwork/lnd/lnwallet/chainfee"
 	"github.com/lightningnetwork/lnd/lnwire"
+	"github.com/lightningnetwork/lnd/routing/route"
 )
 
 // FeeLimit is an interface implemented by different strategies for limiting
@@ -43,8 +44,17 @@ type swapSuggestion interface {
 
 	// channels returns the set of channels involved in the swap.
 	channels() []lnwire.ShortChannelID
+
+	// peers returns the set of peers involved in the swap, taking a map
+	// of known channel IDs to peers as an argument so that channel peers
+	// can be looked up.
+	peers(knownChans map[uint64]route.Vertex) []route.Vertex
 }
 
+// Compile-time assertion that loopOutSwapSuggestion satisfies the
+// swapSuggestion interface.
+var _ swapSuggestion = (*loopOutSwapSuggestion)(nil)
+
 type loopOutSwapSuggestion struct {
 	loop.OutRequest
 }
@@ -69,3 +79,26 @@ func (l *loopOutSwapSuggestion) channels() []lnwire.ShortChannelID {
 
 	return channels
 }
+
+// peers returns the set of peers that the loop out swap is restricted to.
+func (l *loopOutSwapSuggestion) peers(
+	knownChans map[uint64]route.Vertex) []route.Vertex {
+
+	peers := make(map[route.Vertex]struct{}, len(knownChans))
+
+	for _, channel := range l.OutgoingChanSet {
+		peer, ok := knownChans[channel]
+		if !ok {
+			log.Warnf("peer for channel: %v unknown", channel)
+		}
+
+		peers[peer] = struct{}{}
+	}
+
+	peerList := make([]route.Vertex, 0, len(peers))
+	for peer := range peers {
+		peerList = append(peerList, peer)
+	}
+
+	return peerList
+}
diff --git a/liquidity/liquidity.go b/liquidity/liquidity.go
index 91a6fb7..6189ed6 100644
--- a/liquidity/liquidity.go
+++ b/liquidity/liquidity.go
@@ -685,8 +685,13 @@ func (m *Manager) SuggestSwaps(ctx context.Context, autoloop bool) (
 		return nil, err
 	}
 
+	// Collect a map of channel IDs to peer pubkeys, and a set of per-peer
+	// balances which we will use for peer-level liquidity rules.
+	channelPeers := make(map[uint64]route.Vertex)
 	peerChannels := make(map[route.Vertex]*balances)
 	for _, channel := range channels {
+		channelPeers[channel.ChannelID] = channel.PubKeyBytes
+
 		bal, ok := peerChannels[channel.PubKeyBytes]
 		if !ok {
 			bal = &balances{}
@@ -777,6 +782,15 @@ func (m *Manager) SuggestSwaps(ctx context.Context, autoloop bool) (
 	// setReason is a helper that adds a swap's channels to our disqualified
 	// list with the reason provided.
 	setReason := func(reason Reason, swap swapSuggestion) {
+		for _, peer := range swap.peers(channelPeers) {
+			_, ok := m.params.PeerRules[peer]
+			if !ok {
+				continue
+			}
+
+			resp.DisqualifiedPeers[peer] = reason
+		}
+
 		for _, channel := range swap.channels() {
 			_, ok := m.params.ChannelRules[channel]
 			if !ok {
diff --git a/liquidity/liquidity_test.go b/liquidity/liquidity_test.go
index c95e26a..ccded3a 100644
--- a/liquidity/liquidity_test.go
+++ b/liquidity/liquidity_test.go
@@ -1098,7 +1098,10 @@ func TestInFlightLimit(t *testing.T) {
 		name          string
 		maxInFlight   int
 		existingSwaps []*loopdb.LoopOut
-		suggestions   *Suggestions
+		// peerRules will only be set (instead of test default values)
+		// is it is non-nil.
+		peerRules   map[route.Vertex]*ThresholdRule
+		suggestions *Suggestions
 	}{
 		{
 			name:        "none in flight, extra space",
@@ -1175,6 +1178,31 @@ func TestInFlightLimit(t *testing.T) {
 				DisqualifiedPeers: noPeersDisqualified,
 			},
 		},
+		{
+			name:        "peer rules max swaps exceeded",
+			maxInFlight: 2,
+			existingSwaps: []*loopdb.LoopOut{
+				{
+					Contract: autoOutContract,
+				},
+			},
+			// Create two peer-level rules, both in need of a swap,
+			// but peer 1 needs a larger swap so will be
+			// prioritized.
+			peerRules: map[route.Vertex]*ThresholdRule{
+				peer1: NewThresholdRule(50, 0),
+				peer2: NewThresholdRule(40, 0),
+			},
+			suggestions: &Suggestions{
+				OutSwaps: []loop.OutRequest{
+					chan1Rec,
+				},
+				DisqualifiedChans: noneDisqualified,
+				DisqualifiedPeers: map[route.Vertex]Reason{
+					peer2: ReasonInFlight,
+				},
+			},
+		},
 	}
 
 	for _, testCase := range tests {
@@ -1191,10 +1219,17 @@ func TestInFlightLimit(t *testing.T) {
 			}
 
 			params := defaultParameters
-			params.ChannelRules = map[lnwire.ShortChannelID]*ThresholdRule{
-				chanID1: chanRule,
-				chanID2: chanRule,
+
+			if testCase.peerRules != nil {
+				params.PeerRules = testCase.peerRules
+			} else {
+				params.ChannelRules =
+					map[lnwire.ShortChannelID]*ThresholdRule{
+						chanID1: chanRule,
+						chanID2: chanRule,
+					}
 			}
+
 			params.MaxAutoInFlight = testCase.maxInFlight
 
 			// By default we only have budget for one swap, increase
diff --git a/release_notes.md b/release_notes.md
index f557b3f..29b35f7 100644
--- a/release_notes.md
+++ b/release_notes.md
@@ -29,3 +29,7 @@ This file tracks release notes for the loop client.
 #### Breaking Changes
 
 #### Bug Fixes
+* A bug that would not list autoloop rules set on a per-peer basis when they 
+  were excluded due to insufficient budget, or the number of swaps in flight
+  has been corrected. These rules will now be included in the output of 
+  `suggestswaps` with other autoloop peer rules.