RS 6:1123 Actions not considered agreements - Louisiana Statutes

§1123.  Actions not considered agreements

A.  The following actions shall not give rise to a claim that a new credit agreement is created, unless the agreement satisfies the requirements of R.S. 6:1122:

(1)  The rendering of financial or other advice by a creditor to a debtor.

(2)  The consultation by a creditor with a debtor.

(3)  The agreement of a creditor to take or not to take certain actions, such as entering into a new credit agreement, forbearing from exercising remedies under a prior credit agreement, or extending installments due under a prior credit agreement.

B.  A credit agreement shall not be implied from the relationship, fiduciary, or otherwise, of the creditor and the debtor.

Acts 1989, No. 531, §1.