RS 9:3353
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/la/title-9/9-1012A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 9:3353
§3353. Inapplicability of other laws; exempted transactions
A. Rental-purchase agreements which comply with this Chapter shall not be governed by the laws relating to the following:
(1)A consumer credit sale as defined in R.S. 9:3516(12) of the Louisiana Consumer Credit Law.
(2)A consumer credit transaction as defined in R.S. 9:3516(13) of the Louisiana Consumer Credit Law.
(3)A consumer loan as defined in R.S. 9:3516(14) of the Louisiana Consumer Credit Law.
(4)A consumer lease as defined in R.S. 9:3306(9) of the Louisiana Lease of Movables Act.
(5)A financed lease as defined in R.S. 9:3306(12) of the Louisiana Lease of Movables Act.
(6)A true lease as defined in R.S. 9:3306(26) of the Louisiana Lease of Movables Act.
(7)A conditional sale as defined in R.S. 9:3306(7) of the Louisiana Lease of Movables Act.
(8)A lease intended for security as defined in R.S. 10:1-201(35) of the Louisiana Commercial Laws.
B. This Chapter shall not apply to the following:
(1)Rental-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities, or with organizations.
(2)A lease of a safe deposit box.
(3)A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the rented property.
(4)A lease of an automobile, van, or truck of less than one ton.
Acts 1991, No. 204, §1, eff. Jan. 1, 1992; Acts 2006, No. 533, §2.