Louisiana 2020 2020 Regular Session

Louisiana Senate Bill SB348 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Jerry J. Guillot.
DIGEST
SB 348 Original	2020 Regular Session	Johns
Present law, relative to fees charged by clerks of court as ex officio recorders of mortgages, requires
a fee for certificate of real estate mortgage and lien certificate with seal, for each name in which
search is made, and for one definable property only, $20 for the first name and $10 for each
additional name. Requires an additional charge of one dollar per exception in the event that more
than 10 exceptions are contained on a certificate.
Proposed law provides:
(1)For certificate of real estate mortgage and lien certificate with seal, for each name in which
search is made for 10 years, and for one definable property only, $30 for the first name and
$20 for each additional name.
(2)For certificate of real estate mortgage and lien certificate with seal, for each name in which
search is made for 20 years, and for one definable property only, $40 for the first name and
$20 for each additional name.
(3)For certificate of real estate mortgage and lien certificate with seal, for each name in which
search is made for 30 years, and for one definable property only, $50 for the first name and
$20 for each additional name.
(4)For certificate of real estate mortgage and lien certificate with seal, for each name in which
search is made for 40 years or more, and of one definable property only, $60 for the first
name and $20 each additional name.
Proposed law deletes requirement of an additional charge of one dollar per exception in the event
that more than 10 exceptions are contained on a certificate
Effective August 1, 2020.
(Amends R.S. 13:844(A)(3))