Louisiana Revised Statutes 9:3338 – Gain from insurance
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Terms Used In Louisiana Revised Statutes 9:3338
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Markup: The process by which congressional committees and subcommittees debate, amend, and rewrite proposed legislation.
Any gain, or advantage to the lessor, or any employee, officer, director, agent, general agent, affiliate or associate from such an insurance or its provisions or sale shall not be considered as a further charge nor a further interest rate or markup charge in violation of La. Rev. Stat. 9:3312(A) in connection with any consumer purpose financed lease made under this Chapter.
Acts 1985, No. 592, §1, eff. July 13, 1985.