RS 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.