Louisiana Civil Code 3285 – General and special mortgages distinguished
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Terms Used In Louisiana Civil Code 3285
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
A general mortgage burdens all present and future property of the mortgagor.
A special mortgage burdens only certain specified property of the mortgagor.
Acts 1991, No. 652, §1, eff. Jan. 1, 1992.