Louisiana Revised Statutes 22:1526 – Unfair trade practices
Terms Used In Louisiana Revised Statutes 22:1526
- Contract: A legal written agreement that becomes binding when signed.
The commissioner may order any lessor which has filed a notice pursuant to this Part, or its officials and representatives, to cease and desist from engaging in the following unfair trade practices:
(1) The making of any false or misleading statements, orally or in writing, in connection with the sale, offer to sell, or advertisement of a collision damage waiver.
(2) The omission of any material statement in connection with the sale, offer to sell, or advertisement of a collision damage waiver, which under the circumstances should have been made in order to prevent the statements that were made from being misleading.
(3) The making of any statement that the purchase of a collision damage waiver is mandatory.
(4) The failure to provide proper disclosure that the purchase of a collision damage waiver may be duplicative of the lessee’s automobile insurance contract.
Acts 1989, No. 773, §2, eff. Jan. 1, 1990; Redesignated from La. Rev. Stat. 22:2091.6 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former La. Rev. Stat. 22:1526 redesignated as La. Rev. Stat. 22:716 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.