The original instrument was prepared by J. W. Wiley. The following digest, which
does not constitute a part of the legislative instrument, was prepared by Benjamin A.
Huxen II.
DIGEST
SB 233 Engrossed 2016 Regular Session Johns
Present law provides for certain definitions and procedures for the Additional Default Remedies Act.
Present law defines "collateral" to mean "motor vehicles" and as defined in R.S. 32:1252.
Proposed law retains present law and adds "motorcycles" to the definition of "collateral".
Present law provides who is the appropriate official for purposes of filing the "Notice of
Repossession".
Proposed law retains present law and provides that if a secured party files a "Notice of Repossession"
with the sheriff for the parish of the debtor's last known address then the sheriff is deemed to be the
appropriate official and the secured party has satisfied the requirements of present law.
Effective August 1, 2016.
(Amends R.S. 6:965(C)(2) and 966.1(A)(3))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Judiciary A to the original bill
1. Deletes "all-terrain vehicles" from the definition of collateral.