Is this in general or in a dungeon. In dungeons I find I can only use the loadouts concerning the paragon path I entered with but then again I have only ever tried this with my DC. I just presumed it was the same for all for ease of coding.
Outside of dungeons sometimes you also have apply all equipment and artifacts to all loadouts as well. (basically everything to get it to work.)
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It’s a pain, but that used to fix it.
Some friends report they have 3 loadouts and can switch between 2 but not the third.
I only have 2 loadouts on this toon, but looks like the issue is not just me.
Outside of dungeons sometimes you also have apply all equipment and artifacts to all loadouts as well. (basically everything to get it to work.)