HLS 12RS-422 REENGROSSED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 342
BY REPRESENTATIVE JAY MORRIS
EXECUTORY PROCESS: Provides with respect to the registry of certain documents for
purposes of executory process
AN ACT1
To amend and reenact R.S. 9:5554, relative to the registry of certain documents; to provide2
for documents not required to be registered for purposes of executory process; and3
to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 9:5554 is hereby amended and reenacted to read as follows: 6
ยง5554. No requirement of registry of transfer, assignment, pledge, or security7
interest in or of the written obligation, collateral mortgage, or of note secured8
by a mortgage, or vendor's privilege 9
There is no requirement that there be registry of:10
(1) Any evidence of pledge of the written obligation secured by a mortgage,11
collateral mortgage, or a vendor's privilege.12
(2) Any transfer or assignment of the written obligation secured by a13
mortgage, collateral mortgage, or a vendor's privilege, or of the mortgage, collateral14
mortgage, or vendor's privilege.15
(3) Any security interest in a mortgage, collateral mortgage, or vendor's16
privilege, or written obligation secured by either a mortgage, collateral mortgage, or17
vendor's privilege.18 HLS 12RS-422 REENGROSSED
HB NO. 342
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Jay Morris HB No. 342
Abstract: Provides that there is no requirement to register any transfer or assignment of the
written obligation secured by a mortgage or to register any security interest in a
mortgage for purposes of executory process.
Present law provides that there is no requirement to register any evidence of pledge of the
written obligation secured by a collateral mortgage or a vendor's privilege, any transfer or
assignment of the written obligation secured by a collateral mortgage or a vendor's privilege,
or of the collateral mortgage or vendor's privilege, or any security interest in a collateral
mortgage or vendor's privilege or written obligation secured by either.
Proposed law retains present law but also specifies that there is no requirement to register
any transfer or assignment of the written obligation secured by a mortgage and no
requirement to register any security interest in a mortgage.
(Amends R.S. 9:5554)
Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Civil Law and Procedure
to the original bill.
1. Added technical amendments to consistently include the term "mortgage" when
referring to mortgages, collateral mortgages, and vendor's privileges.