Louisiana Revised Statutes 9:3571.2 – Limitations on use of consumer’s credit report
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Terms Used In Louisiana Revised Statutes 9:3571.2
- Consumer: means a natural person who purchases goods, services, or movable or immovable property or rights therein, for a personal, family, or household purpose and includes a purchaser or buyer in a consumer credit sale or transaction made with the use of a seller credit card or otherwise, or a borrower or debtor in a consumer loan, revolving loan account, or a lender credit card. See Louisiana Revised Statutes 9:3516
- Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. 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
A. No motor vehicle dealer shall request, obtain, or review a consumer‘s credit report in connection with the following activities unless, prior to the activity, the dealer has received an application from the consumer to lease or finance a motor vehicle or a written authorization from the consumer for such request or review:
(1) A request to test drive or the test driving of a motor vehicle.
(2) A request for information concerning pricing or financing.
(3) Negotiating with a consumer.
B. Whoever violates the provisions of this Section shall be subject to civil penalties not to exceed two thousand five hundred dollars per violation.
Acts 1999, No. 1239, §1.