La. Rev. Stat. § 6:969.3
This is the official text of La. Rev. Stat. § 6:969.3, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Exclusions
Official statutory text
A. Except as provided in Subsection B of this Section, this Chapter does not apply to any of the following:
(1) Extensions of credit to business entities, including government or governmental agencies or instrumentalities.
(2) Extensions of credit primarily for business, commercial, or agricultural purposes.
(3) Open-end credit transactions, including without limitation, revolving loan and lender credit card transactions that may involve the secured purchase money financing of a motor vehicle.
(4) Consumer credit transactions subject to the Louisiana Consumer Credit Law, R.S. 9:3510 et seq.
(5) Credit transactions by federally and state-chartered credit unions to their members.
(6) Federally related mortgage loans subject to R.S. 9:3503 et seq. and 12 U.S.C. 1735F(7).
B. All persons financing the purchase or acquisition of a motor vehicle, irrespective of whether the transaction otherwise is subject to this Chapter, shall comply with the requirements of R.S. 32:1251 et seq. and the rules and regulations of the Louisiana Motor Vehicle Commission pertaining to advertising.
Acts 1999, No. 794, §1, eff. July 2, 1999.
(1) Extensions of credit to business entities, including government or governmental agencies or instrumentalities.
(2) Extensions of credit primarily for business, commercial, or agricultural purposes.
(3) Open-end credit transactions, including without limitation, revolving loan and lender credit card transactions that may involve the secured purchase money financing of a motor vehicle.
(4) Consumer credit transactions subject to the Louisiana Consumer Credit Law, R.S. 9:3510 et seq.
(5) Credit transactions by federally and state-chartered credit unions to their members.
(6) Federally related mortgage loans subject to R.S. 9:3503 et seq. and 12 U.S.C. 1735F(7).
B. All persons financing the purchase or acquisition of a motor vehicle, irrespective of whether the transaction otherwise is subject to this Chapter, shall comply with the requirements of R.S. 32:1251 et seq. and the rules and regulations of the Louisiana Motor Vehicle Commission pertaining to advertising.
Acts 1999, No. 794, §1, eff. July 2, 1999.
Status: in_force · Read it on the official government site
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