RS 6:969.10 – Consumer credit sale A. Except as otherwise provided by R.S. 6:969.11, the maximum credit service charge for any consumer credit sale that may be charged, contracted for, or received may not exceed: (1) Class 1. For any new motor vehicle designated by the manufacturer by a year model not earlier than the […]
RS 6:969.11 – Maximum charges after negotiations A. The obligation arising out of any consumer credit sale may be evidenced by a written contract which may provide for a credit service charge not in excess of the maximum loan finance charge rate which could be charged, contracted for, or received in a consumer loan where […]
RS 6:969.12 – Maximum charges after maturity In the case of a precomputed transaction which is unpaid at contractual maturity, the rate of the loan finance charge or the credit service charge for the period beginning as of contractual maturity until payment in full may not exceed the rate of the loan finance charge or […]
RS 6:969.13 – Leap years The effects of a leap year may be disregarded for purposes of determining whether the annualized loan finance charge rate or credit service charge rate exceeds the maximum rate limitations provided in this Part. Acts 1999, No. 794, §1, eff. July 2, 1999.
RS 6:969.14 – Variable rates An extender of credit may enter into variable rate motor vehicle credit transactions under this Chapter in the manner provided under R.S. 6:242(A)(2). Acts 1999, No. 794, §1, eff. July 2, 1999.
RS 6:969.15 – Maximum delinquency charges A. The parties to a motor vehicle credit transaction may contract for the payment of a delinquency charge on any installment or other regular payment not paid in full within ten days after its scheduled or deferred due date in either one of the following amounts: (1) Five percent […]
RS 6:969.16 – Maximum deferral charges A. With respect to a precomputed transaction, the parties before or after default may agree in writing to a deferral of all or part of one or more unpaid installments, and the extender of credit may make and collect a charge not exceeding the contract rate previously stated to […]
RS 6:969.17 – Charges for checks returned for insufficient funds The parties in a motor vehicle credit transaction may contract for an additional charge to be assessed if the consumer tenders a check in payment or a payment by electronic means and such check or electronic payment is returned from any bank, savings and loan […]
RS 6:969.18 – Documentation and compliance fees; notary fees; transfer of equity and other fees; disclosure A.(1) The extender of credit may charge the consumer up to a thirty-five dollar documentation fee for services performed in documenting a motor vehicle credit transaction. (2)(a) The seller, who may also be an extender of credit, may, in […]
RS 6:969.9 – Consumer loans A. The maximum loan finance charge for any consumer loan that may be charged, contracted for, or received may equal either Paragraph (1) or (2) of this Subsection but not exceed: (1) The sum of all of the following: (a) Thirty-six percent per annum for that portion of the unpaid […]
