La. Rev. Stat. § 9:3359
Renegotiations and extensions
Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective
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- La. Rev. Stat. § 9:3359, Renegotiations and extensions, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2647197
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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.