RS 6:1123
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/la/title-6/6-68A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 6:1123
§1123. Actions not considered agreements
A. The following actions shall not give rise to a claim that a new credit agreement is created, unless the agreement satisfies the requirements of R.S. 6:1122:
(1)The rendering of financial or other advice by a creditor to a debtor.
(2)The consultation by a creditor with a debtor.
(3)The agreement of a creditor to take or not to take certain actions, such as entering into a new credit agreement, forbearing from exercising remedies under a prior credit agreement, or extending installments due under a prior credit agreement.
B. A credit agreement shall not be implied from the relationship, fiduciary, or otherwise, of the creditor and the debtor.
Acts 1989, No. 531, §1.