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Louisiana Revised Statutes & Codes

La. Rev. Stat. § 9:3311 (2026)

Interest rate charges; true leases

✓ current as of May 2026
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PART III.  CHARGES

§3311.  Interest rate charges; true leases

Interest rate charges capitalized into both consumer and commercial purpose true leases are unregulated and are not subject to conventional interest rate or usury limitations.  

Acts 1985, No. 592, §1, eff. July 13, 1985.  

Notes of Decisions
Cited in 2 cases, 1991–1994 · leading case: Walnut Equip. Leasing v. Moreno, 643 So. 2d 327 (La. Ct. App. 1994).
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Walnut Equip. Leasing v. Moreno, 643 So. 2d 327 (La. Ct. App. 1994). · cites it 2× “R.S. 9:3311 through 3317 (1994). Based on the case law previously cited, unless we find that application of Pennsylvania law would contravene the public policy of Louisiana, the choice of Pennsylvania substantive law is enforceable as to all issues presented, except those…”
At & T Info. Sys., Inc. v. Smith, 593 So. 2d 673 (La. Ct. App. 1991). “Early termination charges may be assessed in addition to interest rate charges as provided under R.S. 9:3311 and 3312. C. Any refundable security deposit held by the lessee (sic) may be retained and shall be credited against the lessee's liability for early termination charges.”
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