Consumer Credit Regulation: La. Stat. Ann. §§ 9:3511 to 9:3577.5 (Consumer Credit Code).
Scope: Consumer credit sales, defined as a sale of goods or services for personal, family, or household purposes in which purchaser is permitted to defer all or part of purchase price or other consideration in two or more installments. Excludes leases of personal property where lessee agrees to pay a sum equal to or greater than the initial value of the leased property and will become or has the option to come its owner for no additional consideration or nominal consideration. § 9:3516(12).