Louisiana 2010 2010 Regular Session

Louisiana House Bill HB803 Chaptered / Bill

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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 386
Regular Session, 2010
HOUSE BILL NO. 803
BY REPRESENTATIVE TIM BURNS
AN ACT1
To amend and reenact R.S. 9:2941.1(A), relative to bond for deed contracts; to provide2
relative to recordation and priority; and to provide for related matters.3
Be it enacted by the Legislature of Louisiana:4
Section 1.  R.S. 9:2941.1(A) is hereby amended and reenacted to read as follows: 5
ยง2941.1. Recordation; subsequent filings; interest prohibited; cancellation of6
mortgage records7
A. Upon the recordation in the mortgage and conveyance records of a bond8
for deed contract as defined in R.S. 9:2941, any sale, contract, counter letter9
counterletter, lease, or conventional or collateral mortgage executed by the bond for10
deed seller, and no any lien, privilege, or judgment relating to or purporting to affect11
immovable property that has not been filed previously for registry or recorded in the12
mortgage records shall be subject to the rights created by the bond for deed contract.13
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SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: