United States — Louisiana Statutes

RS 9:5135

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Stored provisions

1 provision

The keeper, mortgagor, or mortgagee may ask the court for instructions, and the court may issue orders to protect the property and parties’ interests.

• Court instructions
• Property administration

RS 9:5136

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Stored provisions

1 provision

The parties to a mortgage or security agreement may name or choose a keeper for the property, and may also do so later by another instrument if the original instrument did not include the designation.

• Mortgages
• Receivers or keepers
• Security agreements

RS 9:5137

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This section tells the court or sheriff how to appoint a keeper for seized mortgaged property.

• Appointment of keeper
• Mortgage enforcement
• Seizure

RS 9:5138

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The keeper or receiver must act as a prudent administrator, and the keeper may manage and operate the seized property.

• Accounting and expenses
• Property administration
• Receiver/keeper duties

RS 9:5139

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A person provoking the seizure generally may not require a bond from the keeper, the keeper appointed under R.S. 9:5137(B) must give a court-fixed bond, and the seizing sheriff or officer has no post-delivery responsibility for the property or the keeper’s actions and may not take commission from the property’s fruits.

• Court bond requirements
• Keeper responsibility
• Property seizure

RS 9:5140

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Stored provisions

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The keeper, mortgagor, or mortgagee may ask the court for instructions when property protection or the keeper’s authority is in question.

• Court instructions
• Property protection

RS 9:5140.1

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Stored provisions

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This section says the subpart does not affect certain existing rights, and it applies to security interests subject to Chapter 9 of the Louisiana Commercial Laws.

• Scope of application
• Security interests

RS 9:5140.2

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Stored provisions

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This section says the subpart applies to security interests covered by Chapter 9 of the Louisiana Commercial Laws.

• Chapter 9 scope
• Security interests

RS 9:5141

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This section was repealed, effective July 1, 2006.

RS 9:5142

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In the parish where the state capitol is located, certain special mortgages on real estate may be recorded with a shortened set of information; railroad mortgages are excluded.

• Real estate recording

RS 9:5143

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In the parish where the state capitol is located, only certain parts of vendor’s mortgages or sales with mortgage need to be inscribed, and the recorder must add a reference to the original act.

• Real estate recording

RS 9:5161

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Stored provisions

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This section was repealed.

RS 9:5162

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This section was repealed, effective July 1, 2006.

RS 9:5163

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A sale affecting a federal agency’s recorded mortgage cannot cancel or subordinate that mortgage unless written notice is given first.

• Judicial sales
• Mortgages
• Notice requirements
• Recordation

RS 9:5164

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Stored provisions

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Notice to a U.S. agency or instrumentality must be served through a designated in-state agent, and the agency or instrumentality must record that agent’s name and address in parish mortgage records.

• Recordation
• Service of notice

RS 9:5165

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Stored provisions

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This section sets the process and deadlines for a mortgagee to issue a release of mortgage and cancellation request after the mortgage is extinguished.

• Mortgage release
• Recording/cancellation
• Settlement services

RS 9:5166

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Stored provisions

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This section lets a uniform cancellation affidavit be used to cancel certain mortgage or vendor’s lien inscriptions, and sets required contents and filing effects.

• Affidavits
• Liability
• Mortgage cancellation
• Recordation

RS 9:5167

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Stored provisions

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This section lets a clerk of court or recorder of mortgages cancel a mortgage or vendor’s privilege by affidavit when the original note or evidence is lost or destroyed, if the stated conditions are met.

• Recordation
• Title insurance

RS 9:5167.1

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Stored provisions

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A mortgagee must provide cancellation documents within 60 days after full payoff, and the payoff statement must be furnished by the mortgagee or its servicer.

• Affidavits
• Mortgage cancellation
• Recording

RS 9:5167.2

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Stored provisions

1 provision

For covered residential mortgages, the mortgagee servicing agent or note holder must provide cancellation documents to the mortgagor within 60 days after full payment, and the mortgagee or servicer must furnish the payoff statement.

• Loan payoff
• Mortgage cancellation
• Residential mortgage