An extender of credit shall not divide a consumer credit transaction into multiple agreements for the purpose of obtaining a higher credit service charge, loan finance charge, or any other additional fee or charge permitted by this Chapter.
La. R.S. 9:3535
Use of multiple agreements
Known as the Louisiana Consumer Credit Law
The act spans §§ 9–9 (177 sections).
Added by Acts 1972, No. 454, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.