CCRP 319 - Conditions for providing a property bond
Art. 319. Conditions for providing a property bond
A. A defendant or a secured personal surety, pursuant to Article 312, may establish a legal mortgage over immovable property in favor of the state of Louisiana or the proper political subdivision to secure a bail obligation.
B. The mortgage is established upon the recordation of a written mortgage, in authentic form satisfactory to the officer authorized to receive the bail, in the mortgage records of the parish where the immovable is located that:
(1) Contains the name and signature of the person making the mortgage.
(2) Describes the immovable and declares that a mortgage is given over it as security for the performance of the bail obligation.
(3) Certifies that the person making the mortgage owns the immovable and states its value, in excess of the amount of all encumbrances against it.
(4) Attaches to it a copy of the order fixing the bail obligation.
C. The person providing the security shall deliver a certified copy of the recorded statement establishing the mortgage and a mortgage certificate to the officer authorized to receive the bail. The officer may require additional evidence of ownership and value of the mortgaged property including a copy of the current tax assessment.
D.(1) The recorder shall cancel the mortgage from his records upon the order of the court.
(2) In all other cases, the effect of its recordation shall cease ten years after its recordation unless it is reinscribed in the manner otherwise provided by law.
E. Any materially false or incorrect statements made by a person who intentionally and knowingly gives a mortgage or security interest pursuant to this Article shall be prima facie proof of a violation of the provisions of R.S. 14:125, false swearing.
Amended by Acts 1979, No. 161, §1; Acts 1993, No. 834, §1, eff. June 22, 1993; Acts 1994, 3rd Ex. Sess., No. 52, §1, eff. Sept. 1, 1994; Acts 2010, No. 914, §1.