Louisiana Code of Civil Procedure 5151 – Discussion defined
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Code of Civil Procedure 5151
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Discussion is the right of a secondary obligor to compel the creditor to enforce the obligation against the property of the primary obligor or, if the obligation is a legal or judicial mortgage, against other property affected thereby, before enforcing it against the property of the secondary obligor.