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
Description
How to fill out Louisiana Request For Cancellation By Licensed Financial Institution (Judgments And/or Judicial Mortgages) La. R.S. 9:5172?
If you’re looking for a way to appropriately prepare the Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172 without hiring a legal representative, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reputable library of formal templates for every individual and business scenario. Every piece of documentation you find on our web service is drafted in accordance with federal and state regulations, so you can be sure that your documents are in order.
Adhere to these straightforward instructions on how to get the ready-to-use Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172:
- Ensure the document you see on the page meets your legal situation and state regulations by checking its text description or looking through the Preview mode.
- Enter the form name in the Search tab on the top of the page and choose your state from the list to find an alternative template in case of any inconsistencies.
- Repeat with the content check and click Buy now when you are confident with the paperwork compliance with all the demands.
- ​Log in to your account and click Download. Create an account with the service and opt for the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The blank will be available to download right after.
- Choose in what format you want to save your Louisiana Request for Cancellation by Licensed Financial Institution (Judgments and/or Judicial Mortgages) La. R.S. 9:5172 and download it by clicking the appropriate button.
- Upload your template to an online editor to fill out and sign it quickly or print it out to prepare your paper copy manually.
Another wonderful thing about US Legal Forms is that you never lose the paperwork you acquired - you can pick any of your downloaded templates in the My Forms tab of your profile any time you need it.
Form popularity
FAQ
Executory proceedings are those which are used to effect the seizure and sale of property, without previous citation and judgment, to enforce a mortgage or privilege thereon evidenced by an authentic act importing a confession of judgment, and in other cases allowed by law.
Satisfactions Generally: Once a mortgage or deed of trust is paid, the holder of the mortgage is required to satisfy the mortgage or deed of trust of record to show that the mortgage or deed of trust is no longer a lien on the property.
R.S. 7 Paraphed Obligation ? An act of release executed before a notary who certifies in the act that the obligation. was presented to him by the holder and owner and that he paraphed it for identification with the act of release.