Louisiana · Louisiana Revised Statutes — Title 32, Motor Vehicles and Traffic
La. R.S. 32 § 32:1261.2: Payment to dealers; penalties
What this law says, in plain English
Motor vehicle manufacturers and distributors must pay dealers all monies due within 30 days of transaction completion. Failure to pay incurs a penalty of 1.5% monthly interest until full payment.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.