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  • Louisiana Minor's Mortgage (La. Code of Civil Procedure Art. 4134)

Louisiana Minor's Mortgage (La. Code of Civil Procedure Art. 4134)

Category:
Louisiana Local Parish - Jefferson - District Court
State:
Louisiana
Control #:
LA-SKU-0368
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Description

Minor's Mortgage (La. Code of Civil Procedure Art. 4134) Louisiana Minor's Mortgage (La. Code of Civil Procedure Art. 4134) is a legal instrument that permits a minor under the age of 18 to pledge real estate as security for a loan. It is a lien against real property, such as a house, and is intended to protect the lender in the event of default. The mortgage is recorded in the public records and must be approved by both the minor and the minor's parent or guardian. The two types of Louisiana Minor's Mortgage (La. Code of Civil Procedure Art. 4134) are a court-ordered mortgage and an out-of-court mortgage. A court-ordered mortgage is a mortgage that has been approved by a court and is binding on both parties. An out-of-court mortgage is a mortgage that has been agreed upon between the parties, without the need for a court order.

Louisiana Minor's Mortgage (La. Code of Civil Procedure Art. 4134) is a legal instrument that permits a minor under the age of 18 to pledge real estate as security for a loan. It is a lien against real property, such as a house, and is intended to protect the lender in the event of default. The mortgage is recorded in the public records and must be approved by both the minor and the minor's parent or guardian. The two types of Louisiana Minor's Mortgage (La. Code of Civil Procedure Art. 4134) are a court-ordered mortgage and an out-of-court mortgage. A court-ordered mortgage is a mortgage that has been approved by a court and is binding on both parties. An out-of-court mortgage is a mortgage that has been agreed upon between the parties, without the need for a court order.

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