Louisiana Senate Bill SB139

Louisiana 2012 Regular Session

• Introduced: 3/12/12
• Refer: 3/12/12
• Report Pass: 3/28/12
• Engrossed: 4/2/12
• Refer: 4/3/12
• Report Pass: 5/14/12
• Enrolled: 5/29/12
• Chaptered: 6/7/12
• Passed: 6/7/12

Caption

Provides an exception to the definition of consumer lease.

Impact

The impact of SB 139 is significant as it alters the legal framework for leases in Louisiana. By redefining what constitutes a consumer lease, the bill provides clarity on the obligations and protections applicable to different lease types. This change may encourage more businesses to engage in leasing arrangements under employer-sponsored programs, potentially leading to increased economic activity in that sector. However, it also raises questions about the consumer protections traditionally associated with consumer leases, as these may not apply to the new category of employer-sponsored leases.

Summary

Senate Bill 139 aims to amend the definitions related to leases within Louisiana law, specifically addressing the classification of consumer and commercial leases. The bill introduces a new provision that exempts leases provided through employer-sponsored lease programs from being classified as consumer leases. This change recognizes the role of employers in facilitating leases for their employees while distinguishing between consumer and commercial arrangements based on the total compensation over the lease term.

Sentiment

The sentiment surrounding SB 139 appears to be generally positive among stakeholders who support the clarity it brings to leasing laws. Proponents argue that the bill facilitates more flexible leasing arrangements that can benefit both employers and employees. However, there are concerns among consumer advocacy groups about the potential for diminished protections for employees who enter into these employer-sponsored leases, raising a dialogue about the balance between economic efficiency and consumer rights.

Contention

Notable points of contention related to SB 139 include the implications for consumer protection and the classifications of lease agreements. Critics of the bill fear that the exemption for employer-sponsored leases might enable less stringent terms and conditions, leaving employees vulnerable. The shift in definitions also sparks debate on whether this legislative change serves primarily the interests of businesses at the expense of consumer rights, suggesting a need for safeguards that ensure transparency and fairness in employer-sponsored lease agreements.