Louisiana Revised Statutes 9:5554 – No requirement of registry of transfer, assignment, pledge, or security interest in or of the written obligation, collateral mortgage, or vendor’s privilege
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Terms Used In Louisiana Revised Statutes 9:5554
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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.
There is no requirement that there be registry of:
(1) Any evidence of pledge of the written obligation secured by a collateral mortgage or a vendor’s privilege.
(2) Any transfer or assignment of the written obligation secured by a collateral mortgage or a vendor’s privilege, or of the collateral mortgage or vendor’s privilege.
(3) Any security interest in a collateral mortgage or vendor’s privilege or written obligation secured by either.
Acts 1989, No. 137, §7, eff. Sept. 1, 1989; Acts 1990, No. 1079, §3, eff. Sept. 1, 1990.