Year unavailable
RS 9:5302
A fiduciary may be named as mortgagee in trust for creditors, and the fiduciary must be appointed as special attorney-in-fact for the holders of the secured obligations.
- Creditors
- Fiduciary
- Mortgage
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20 statutes shown from 46,252 source-backed records
Year unavailable
RS 9:5303
Holders of the obligations have a common, indivisible interest and may share pro rata in mortgage-sale proceeds if the mortgage is enforced.
- Creditor rights
- Mortgage enforcement
Year unavailable
RS 9:5304
If there is default, the fiduciary may enforce the mortgage by seizure, sale, or other means. The mortgagor may also restrict the fiduciary’s right to foreclose or sell.
- Default
- Foreclosure
- Mortgage enforcement
Year unavailable
RS 9:5305
Mortgage-secured notes, bonds, or other obligations do not have to be paraphed if the mortgage act identifies them by date, number, amount, and due date.
- Mortgage documentation
Year unavailable
RS 9:5306
An act of mortgage may include a pledge of incorporeal movables and may provide for their deposit with the fiduciary.
Year unavailable
RS 9:5307
Laws about substitutions, fidei commissa, or trust dispositions do not apply to conventional mortgages made under this Part.
- Mortgages
Year unavailable
RS 9:5321
This section defines “Instrument” and “Rural Property” for this part of the law.
- Definitions
- Mortgages
Year unavailable
RS 9:5322
This section was repealed.
Year unavailable
RS 9:5323
This section was repealed by Acts 1995, No. 1201, §6.
Year unavailable
RS 9:5324
Prepayment penalties on rural-property mortgage debt are capped, and none may be charged after five years.
- Debt repayment
- Mortgage prepayment
Year unavailable
RS 9:5325
This Part does not apply to certain instruments secured by a conventional mortgage on rural property when they are stated to be consumer credit transactions under the Louisiana Consumer Credit Law.
- Mortgage exclusions
- Secured transactions
Year unavailable
RS 9:5326
This section was repealed.
Year unavailable
RS 9:5351
This section was repealed effective July 1, 2001.
Year unavailable
RS 9:5351.1
This section was repealed.
Year unavailable
RS 9:5352
This section was repealed, effective July 1, 2001.
Year unavailable
Year unavailable
RS 9:5353
Section 9:5353 is repealed.
Year unavailable
RS 9:5354
This section was repealed.
Year unavailable
RS 9:5354.1
This section was repealed.
Year unavailable
RS 9:5354.2
This section was repealed effective July 1, 2001.
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