---
urn: urn:us-la:rs:9:3359
citation: "R.S. 9:3359"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title IX › Chapter 3"
acts_citations:
  - { year: 1991, number: 204, section: 1, effective_date: 1992-01-01, role: enactment }
---

# Renegotiations and extensions

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.