Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part V - Automotive Industry
Subpart 3 - Motor Vehicle Sales Finance
Chapter 77 - GAP Coverage
Section V-7705 - Offer of Coverage
Universal Citation: LA Admin Code V-7705
Current through Register Vol. 50, No. 9, September 20, 2024
A. The seller shall and the extender of credit may offer a consumer the option of voluntarily purchasing GAP coverage in a transaction involving a consumer loan or consumer credit sale secured by a motor vehicle.
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:969.40(D).
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