United States — Louisiana Act or statute

United States — Louisiana legislation

RS 9:3902

If a surety on a bond does not pay and the creditor must sue, the creditor may recover 10% attorney’s fees if the stated demand and timing requirements are met.

debt recoverylitigation costs

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“If a surety on a bond does not pay and the creditor must sue, the creditor may recover 10% attorney’s fees if the stated demand and timing requirements are met.”

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RS 9:3902

If a surety on a bond does not pay and the creditor must sue, the creditor may recover 10% attorney’s fees if the stated demand and timing requirements are met.

Section 9:3902

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Source record from legis.la.gov · Undated source snapshot

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§ 9:3902RS 9:3902Provision

If a surety on a bond does not pay and the creditor must sue, the creditor may recover 10% attorney’s fees if the stated demand and timing requirements are met.

§3902. Failure of surety to pay; recovery of attorney's fees If the surety on a bond fails to pay his obligation and it becomes necessary for the creditor to sue thereon, the latter shall be entitled to ten per cent attorney's fees on the amount recovered, provided he has employed an attorney for the purpose, has made written amicable demand on the principal and surety and thirty days have elapsed from their receipt thereof without payment being made, and the full amount claimed in the demand is recovered. This Section shall not affect the right to recover interest and costs as otherwise provided by law.
Section 9:3902Verify source

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