Louisiana Code of Civil Procedure 2771 – When deficiency judgment obtainable
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Terms Used In Louisiana Code of Civil Procedure 2771
- Appraisal: A determination of property value.
Unless otherwise provided by law, the creditor may obtain a judgment against the debtor for any deficiency due on the debt after the distribution of the proceeds of the judicial sale only if the property has been sold under the executory proceeding after appraisal in accordance with the provisions of Article 2723.
Acts 1989, No. 137, §18, eff. Sept. 1, 1989.