Usufruct
R.S. 9:3359

Renegotiations and extensions ACTIVE

A. A renegotiation shall occur when an existing rental-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, events such as the following shall not be treated as renegotiations:

(1) The addition or return of property in a multiple-item agreement or the substitution of the rented property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five months.

(2) A deferral or extension of one or more periodic payments, or portions of a periodic payment.

(3) A reduction in charges in the rental-purchase agreement.

(4) A rental-purchase agreement involved in a court proceeding.

B. No disclosures shall be required for any extension of a rental-purchase agreement.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1991, No. 204, §1, eff. Jan. 1, 1992

Section navigation

Cite R.S. 9:3359

Bluebook
La. Rev. Stat. Ann. § 9:3359 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-3359
BibTeX
@misc{larevstat-9-3359,
  title        = {La. Rev. Stat. Ann. § 9:3359},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-3359},
  note         = {Snapshot 2026-05-22}
}