RS 6:1225 General loan contract provisions
§1225. General loan contract provisions
Each loan, and any agreement for securing the same, shall be evidenced by one or more written instruments, consistent with sound lending practices in the locality. Whenever recording of such an agreement is necessary to establish priority over the claim of any third party, the agreement shall be recorded.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.