Louisiana Revised Statutes 13:4436.2 – Termination of mortgages resulting from judgment of courts of original jurisdiction
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 13:4436.2
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The court hearing the rule shall order the mortgage terminated and direct the recorder to erase the judgment from his records if it finds that the debtor’s suspensive appeal has suspended the judgment’s execution, that the appeal bond is in proper form and amount, and that the surety on the bond is qualified to act as surety.
Acts 1992, No. 1132, §5, eff. Jan. 1, 1993.