The present invention relates to a load floor latch for securing a first closure member to a second closure member panel. When the first and second closure members are fastened, the latch is opened by actuating the handle and the pawl is retracted into the latch. A biasing device such as a torsion spring acts on a locking arm so as to pivot the locking arm such that it engages a slot on the pawl. This maintains the pawl in the retracted position. When the first closure member to which the latch is attached is closed so as to bring the first closure member into a closed position with respect to the second closure member, a projection on the locking arm contacts a contact member such that the locking arm is pivoted and the locking arm no longer remains in the slot in the pawl. The pawl is then free to extend out of the latch to a latched position by the action of a compression spring and engage a keeper on the second closure member to thus fasten the first and second closure members.