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Terms Used In Louisiana Revised Statutes 33:4696

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10

The rights accorded the property owner under this Part shall be applicable in favor of any person to whom the property owner has granted a conventional mortgage or vendor’s privilege and to the property owner’s heirs and assigns.