HLS 16RS-4934 ORIGINAL 2016 Regular Session HOUSE STUDY REQUEST NO. 2 BY REPRESENTATIVE SEABAUGH PRESCRIPTION: Requests the House Committee on Civil Law and Procedure to study the liberative prescriptive period applicable to certain actions 1 A STUDY REQUEST 2To the House Committee on Civil Law and Procedure to study extending the liberative 3 prescriptive period applicable to certain actions, and to report its findings to the 4 House of Representatives prior to the convening of the 2017 Regular Session. 5 WHEREAS, existing law provides a three-year liberative prescriptive period for 6actions based in contract for the recovery of compensation, actions for the arrearage of rent 7and annuities, actions on money lent, actions on open accounts, and actions to recover 8underpayments or overpayments of royalties from the production of minerals; and 9 WHEREAS, in certain cases, a three-year liberative prescriptive period does not 10provide sufficient time within which to resolve the contractual issues prior to being required 11to file suit in order to protect a creditor's rights to collect money owed; and 12 WHEREAS, House Bill No. 492 of the 2015 Regular Session was introduced to 13extend the three-year liberative prescriptive period to a new seven-year liberative 14prescriptive period for certain actions based in contract in order to allow creditor and debtor 15sufficient time to resolve issues with their contracts prior to bringing an action to enforce the 16contract. 17 THEREFORE, the House of Representatives of the Legislature of Louisiana requests 18the House Committee on Civil Law and Procedure to study extending the liberative 19prescriptive period applicable to certain actions and to report its findings to the House of 20Representatives prior to the convening of the 2017 Regular Session. Page 1 of 2 HLS 16RS-4934 ORIGINAL HSR NO. 2 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HSR 2 Original 2016 Regular Session Seabaugh Requests the House Committee on Civil Law and Procedure to study extending the liberative prescriptive period applicable to certain actions, and to report its findings to the House of Representatives prior to the convening of the 2017 R.S. Page 2 of 2