Louisiana Revised Statutes 9:3502 – Statement of policy
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Terms Used In Louisiana Revised Statutes 9:3502
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
It is declared to be the public policy of this state to encourage the free flow of money into Louisiana; to allow this state to compete in the national money market; to promote and stimulate residential construction and to allow those retirement systems who desire it to continue to invest in first mortgage loans.
Acts 1969, No. 28, §1.