No Limitation on Commercial Lease Fees and Charges; Exemption from Usury.

"Interest rate charges capitalized into both consumer and commercial purpose true leases are unregulated and are not subject to conventional interest rate or usury limitations. (LSA-R.S. 9:3311) Interest rate charges capitalized into commercial purpose financed leases are unregulated and are not subject to conventional interest rate or usury limitations. (LSA-R.S. 9:3312)

Both true and financed lease agreements, whether for consumer or commercial purposes, may contractually provide for the assessment, imposition, and collection of additional lease related charges. Such additional lease related charges shall not be considered interest and are exempt from conventional interest rate and usury limitations. (LSA-R.S. 9:3313)

Lessees under both true and financed commercial lease agreements may contractually agree to pay late charges in any amount or at any rate on any one or more delinquent rental payments which are not paid in full on the scheduled or deferred due dates. Late charges may be assessed in addition to interest rate charges. (LSA-R.S. 9:3314)

The parties to a true or financed commercial lease may agree, verbally or in writing, before or after default, to a deferral of all or part of one or more unpaid rental payments in consideration for which the lessor may assess, impose, and collect a deferral charge. Deferral charges may be assessed in addition to interest rate charges. (LSA-R.S. 9:3315)

Both true and financed lease agreements, whether for consumer or commercial purposes, may contractually provide for the assessment, imposition, and collection of reasonable early termination charges. Early termination charges may be assessed in addition to interest rate charges. (LSA-R.S. 9:3316)

Both true and financed lease agreements, whether in connection with consumer or commercial purpose leases, may contractually provide for the assessment, imposition, and collection of reasonable end of lease charges. End of lease charges may be assessed in addition to interest rate charges. (LSA-R.S. 9:3317)"