Terms Used In Louisiana Revised Statutes 51:1711

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

It shall be an unfair and deceptive trade practice for any person or entity to advertise, represent, or imply that another can gain income while engaged in work at home, unless the person or entity making the advertisement or representation disclosed in writing, before accepting any payment or obligation to pay:

(1)  An exact description of the work to be performed.

(2)  The amount of any wage, salary, set fee, or commission to be paid for the performance of the represented tasks, or the lack thereof.

(3)  The amount of any payment, deposit, or donation for memberships, kits, programs, materials, information, or other items or services which may be solicited from respondents to the advertisement or representation.

Added by Acts 1980, No. 830, §1; Acts 1997, No. 977, §1.