§ 9:3313 — Additional lease related charges

Louisiana § 9:3313

• Jurisdiction: Louisiana
• Title 9: Civil Code-Ancillaries

Text

A. Both true and financed lease agreements, whether for consumer or commercial purposes, may contractually provide for the assessment, imposition, and collection of the following additional lease related charges:
(1) Taxes, including but not limited to sales, lease, use, excise, and personal property taxes.
(2) Reasonable excess mileage or use charges.
(3) License, title, and registration fees.
(4) Fees for preparation of lease agreements and other documents related to the transaction.
(5) Notarial fees.
(6) Recordation fees.
(7) Repair, maintenance and other fees incident to the use of the leased equipment by the lessee.
(8) Refundable security deposits.
(9) Voluntary credit life and credit accident and disability insurance as provided under R.S. 9:3332.
(10) Property insurance as provided under R.S. 9:3333.
(11) Early termination charges as provided under R.S. 9:3316.
(12) Reasonable excess wear and tear charges.
(13) Reasonable attorney's fees not to exceed twenty-five percent of the total amount payable under the lease.
(14) NSF check charges as provided under R.S. 9:3529.
(15) Late charges as provided under R.S. 9:3314.
(16) Deferral charges as provided under R.S. 9:3315.
(17) Such additional related charges as may be contractually agreed to by the lessee.
B. Such additional lease related charges shall not be considered interest and are exempt from conventional interest rate and usury limitations as well as the limitations of R.S. 9:3312(A).

Legislative History

Acts 1985, No. 592, §1, eff. July 13, 1985; Acts 1986, No. 213, §1.