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Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172

Category:
Louisiana Local Parish - East Baton Rouge - District Court
State:
Louisiana
Control #:
LA-SKU-0300
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Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172 Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172 is a law that allows a licensed financial institution to request the cancellation of any judgment or judicial mortgage that it holds. The law provides for two types of cancellation requests. The first type of cancellation request is for judgments and/or judicial mortgages that are no longer necessary to secure the financial institution’s loan and are no longer of any value to the financial institution. The second type of cancellation request is for judgments and/or judicial mortgages that are not enforceable or are otherwise invalid. In both cases, the financial institution must submit a written request to the court in which the judgment or judicial mortgage is filed, stating the reasons for the request. The court will then review the request and, if found to be valid, cancel the judgment or judicial mortgage.

Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172 is a law that allows a licensed financial institution to request the cancellation of any judgment or judicial mortgage that it holds. The law provides for two types of cancellation requests. The first type of cancellation request is for judgments and/or judicial mortgages that are no longer necessary to secure the financial institution’s loan and are no longer of any value to the financial institution. The second type of cancellation request is for judgments and/or judicial mortgages that are not enforceable or are otherwise invalid. In both cases, the financial institution must submit a written request to the court in which the judgment or judicial mortgage is filed, stating the reasons for the request. The court will then review the request and, if found to be valid, cancel the judgment or judicial mortgage.

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Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172
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