Louisiana Revised Statutes > Title 12 > Chapter 1 > Part 13 > Subpart D – Other Remedies
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§ 12:1-1340 | Other remedies limited |
Terms Used In Louisiana Revised Statutes > Title 12 > Chapter 1 > Part 13 > Subpart D - Other Remedies
- Appraisal: A determination of property value.
- Consumer: means a natural person who enters into a consumer loan or consumer credit sale of a motor vehicle to be used primarily for personal, family, or household purposes. See Louisiana Revised Statutes 6:969.6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Simple interest transaction: means a motor vehicle credit transaction under which loan finance charges or credit service charges are assessed by application of a contractual simple interest rate or rates to the unpaid principal balance of the contract. See Louisiana Revised Statutes 6:969.6