Louisiana Revised Statutes 35:73 – Bond not mortgage until suit filed and notice of lis pendens recorded
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Terms Used In Louisiana Revised Statutes 35:73
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The official notarial bond, given by any notary public shall not, when recorded as provided by law, operate as a mortgage either against the property of the principal or of the surety or sureties thereon, unless and until a suit has been filed against the notary to recover on the bond, and a notice of lis pendens has been placed of record against the notary in connection with the suit in the parish where the bond is recorded, in which case the bond shall then operate as a mortgage against the property of both the principal and surety, or sureties, thereon