RÉSUMÉ DIGEST
ACT 205 (SB 233) 2016 Regular Session Johns
Prior law provided for certain definitions and procedures for the Additional Default
Remedies Act.
Prior law defined "collateral" to mean "motor vehicles" and as defined in R.S. 32:1252.
New law retains prior law and adds "motorcycles" to the definition of "collateral".
Prior law provided who is the appropriate official for purposes of filing the "Notice of
Repossession".
New law retains prior 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 prior law.
Effective August 1, 2016.
(Amends R.S. 6:965(C)(intro para) and (2) and 966.1(A)(3))