Louisiana 2018 2018 Regular Session

Louisiana House Bill HB172 Comm Sub / Analysis

                    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)]
HB 172 Original	2018 Regular Session	Garofalo
Abstract:  Provides for the cancellation of inferior inscriptions on property sold at sheriff's sale
regardless of whether the inscriptions appeared on the mortgage certificate in the foreclosure
proceeding.
Present law provides that the property sold at a sheriff’s sale shall be sold with a release of the
mortgage of the seizing creditor and inferior mortgages and liens, and the sheriff shall direct the
recorder of mortgages to cancel those inscriptions in so far as they affect the property sold. 
Proposed law provides for the cancellation of inferior inscriptions regardless of whether they
appeared on the mortgage certificate in the foreclosure proceeding.
(Amends C.C.P. Art. 2376)