Louisiana Civil Code 3287 – Conventional mortgage
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Terms Used In Louisiana Civil Code 3287
- Contract: A legal written agreement that becomes binding when signed.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A conventional mortgage may be established only by written contract. No special words are necessary to establish a conventional mortgage.
Acts 1991, No. 652, §1, eff. Jan. 1, 1992.