Louisiana Revised Statutes & Codes
La. Rev. Stat. § 9:3525 (2026)
Leap years
✓ current as of May 2026
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§3525. Leap years
The effects of a leap year may be disregarded for purposes of determining whether the annualized loan finance charge rate or credit service rate under a consumer credit transaction exceeds the maximum rate limitations provided in this Part.
Acts 1986, No. 584, §1, eff. July 2, 1986.
Notes of Decisions
Cited in 7
cases, 1976–1991 · leading case: Moore v. Louisiana Bank & Trust Co., 528 So. 2d 606 (La. Ct. App. 1988).
Moore v. Louisiana Bank & Trust Co., 528 So. 2d 606 (La. Ct. App. 1988). “R.S. 9:3525 and La.R.S. 9:3552. The Moores did not assert any affirmative defense before the seizure and sale, nor did they suspensively appeal the order of seizure.”
Williams v. Bill Watson Ford, Inc., 423 F. Supp. 345 (E.D. La. 1976). “Except as provided in R.S. 9:3525, if the maturity is accelerated for any reason and suit is filed, the obligation shall be credited with the same rebate as if prepayment in full had been made on the date of filing of suit, thereafter the obligation sued upon shall be deemed to…”
Preferred Inv. Corp. v. Neucere, 592 So. 2d 889 (La. Ct. App. 1991). “4) After converting the discounted loan to an interest bearing loan, PIC failed to make the required rebate in accordance with LSA-R.S. 9:3525. 5) PIC acted in bad faith when it failed to take remedial action after receiving notice of the violations in August of 1984.”
Reliable Credit Corp. v. Smith, 418 So. 2d 1311 (La. 1982). “R.S. 9:3525(B) provides in pertinent part: "No such delinquency charge may be collected if the installment has been deferred and a deferral charge has been paid or incurred, provided that the deferred payment is paid within ten days of its deferred date.”
Gen. Motors Acceptance Corp. v. Gill, 525 So. 2d 1108 (La. Ct. App. 1988). “A premium finance agreement may provide for the payment by the insured of the delinquency charge in accordance with R.S. 9:3525. If the default results in the cancellation of any insurance contract listed in the agreement, the agreement may provide for the payment by the insured…”
Franklin v. First Money, Inc., 414 F. Supp. 21 (E.D. La. 1976). “R.S. 9:3525), but that fact is irrelevant because the injury complained of is not that the exaction was illegal but that it was undisclosed.”
Reliable Credit Corp. v. Smith, 406 So. 2d 231 (La. Ct. App. 1981). “LSA-R.S. 9:3525 authorizes the imposition of a contractually agreed upon delinquency fee on an installment payment which is not paid within ten days after it is due.”
La. Rev. Stat. § 9:3525(B): 1 case
Reliable Credit Corp. v. Smith, 418 So. 2d 1311 (La. 1982). “R.S. 9:3525(B) provides in pertinent part: "No such delinquency charge may be collected if the installment has been deferred and a deferral charge has been paid or incurred, provided that the deferred payment is paid within ten days of its deferred date.”
La. Rev. Stat. § 9:3525(C): 1 case
Preferred Inv. Corp. v. Neucere, 592 So. 2d 889 (La. Ct. App. 1991). “4) After converting the discounted loan to an interest bearing loan, PIC failed to make the required rebate in accordance with LSA-R.S. 9:3525. 5) PIC acted in bad faith when it failed to take remedial action after receiving notice of the violations in August of 1984.”
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