Louisiana Civil Code 3357 – Duration; general rule
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 3357
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Except as otherwise expressly provided by law, the effect of recordation of an instrument creating a mortgage or pledge or evidencing a privilege ceases ten years after the date of the instrument.
Acts 2005, No. 169, §1, eff. Jan. 1, 2006; Acts 2005, 1st Ex. Sess., No. 13, §1, eff. Nov. 29, 2005; Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
NOTE: Acts 2005, 1st Ex. Sess., No. 13, §1, changed the effective date of Acts 2005, No. 169, to July 1, 2006.