§969.3.  Exclusions


A.  Except as provided in Subsection B of this Section, this Chapter does not apply to any of the following:


(1)  Extensions of credit to business entities, including government or governmental agencies or instrumentalities.


(2)  Extensions of credit primarily for business, commercial, or agricultural purposes.


(3) Open-end credit transactions, including without limitation, revolving loan and lender credit card transactions that may involve the secured purchase money financing of a motor vehicle.


(4)  Consumer credit transactions subject to the Louisiana Consumer Credit Law, R.S. 9:3510 et seq.


(5)  Credit transactions by federally and state-chartered credit unions to their members.


(6)  Federally related mortgage loans subject to R.S. 9:3503 et seq. and 12 U.S.C. 1735F(7).


B.  All persons financing the purchase or acquisition of a motor vehicle, irrespective of whether the transaction otherwise is subject to this Chapter, shall comply with the requirements of R.S. 32:1251 et seq. and the rules and regulations of the Louisiana Motor Vehicle Commission pertaining to advertising.


Acts 1999, No. 794, §1, eff. July 2, 1999.