Louisiana Civil Code 3302 – Property burdened by judicial and legal mortgages
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Terms Used In Louisiana Civil Code 3302
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Judicial and legal mortgages burden all the property of the obligor that is made susceptible of mortgage by Paragraphs 1 through 4 of Article 3286 or that is expressly made subject to judicial or legal mortgage by other law.
Acts 1992, No. 1132, §2, eff. Jan. 1, 1993.