reglab/housing_qa huggingface dataset:
LA Rev Stat § 10:9-411 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-411. Judgments and litigious rights

RS 9-411 - Judgments and litigious rights (a) Judicial mortgages. Law other than this Chapter governs the rights of third persons with respect to real property burdened by a judicial mortgage created by filing a judgment, including the effect of releases of the judicial mortgage by the mortgagee of record. (b) Enforcement. After notification, the secured party has the rights established under R.S. 13:3864 through 13:3868. (c) Litigious rights. Civil Code Article 2652 shall not apply to the creation of a security interest in a litigious right or to the foreclosure or other sale in enforcement thereof. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-412 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-412. Discharge of tortfeasor; notification and filing of assignment

RS 9-412 - Discharge of tortfeasor; notification and filing of assignment (a) Discharge of tortfeasor. Subject to Subsections (b) through (c), a person obligated on a tort claim may discharge its obligation by paying the debtor until, but not after, the person receives a notification, authenticated by the debtor or the secured party, that the amount due has been assigned and that payment is to be made to the secured party. After receipt of the notification, the person may discharge its obligation by paying the secured party and may not discharge the obligation by paying the debtor. (b) When notification ineffective. Notification is ineffective under Subsection (a) if it does not reasonably identify the rights assigned. (c) Proof of security interest. If requested by the person obligated on the tort claim, a secured party shall seasonably furnish to the person reasonable proof that the assignment of the tort claim has been made. Unless the secured party complies, the person may discharge its obligation by paying the debtor, even if the person has received a notification under Subsection (a). (d) Enforcement. After notification, the secured party has the rights established under R.S. 13:3864 through 13:3868. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-501 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-501. Filing office

RS 9-501 - Filing office (a) Filing offices. If the local law of this state governs perfection of a security interest, the office in which to file a financing statement to perfect the security interest is: (1) The Department of Public Safety and Corrections, office of motor vehicles, if the collateral is a titled motor vehicle not held as inventory for sale or lease. (2) Repealed by Acts 2010, No. 378, §4, eff. Jan. 1, 2011. (3) The Department of Wildlife and Fisheries, if the collateral is a titled vessel valued in excess of two thousand five hundred dollars and required to be numbered, or a titled outboard motor, and such vessel or motor is to be principally operated on the waters of this state, not held as inventory for sale or lease, and transferred for the first time on or after July 1, 2008. (4) The clerk of court of any parish, in all other cases, including when the collateral is as-extracted collateral or goods that are to become fixtures and the financing statement is filed as a fixture filing. (b) [Reserved.] Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 1992, No. 235, §2, eff. Jan. 1, 1993; Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2004, No. 303, §2; Acts 2007, No. 319, §1, eff. July 1, 2008; Acts 2009, No. 508, §1, eff. Jan. 1, 2011; Acts 2010, No. 378, §§3, 4, eff. Jan. 1, 2011.
LA Rev Stat § 10:9-502 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-502. Contents of financing statement; time of filing financing statement

RS 9-502 - Contents of financing statement; time of filing financing statement (a) Sufficiency of financing statement. Subject to Subsection (b), a financing statement is sufficient only if it: (1) provides the name of the debtor; (2) provides the name of the secured party or a representative of the secured party; and (3) indicates the collateral covered by the financing statement. (b) Real-property-related financing statements. To be sufficient, a financing statement that covers as-extracted collateral or standing timber that constitutes goods, or that is filed as a fixture filing and covers goods that are to become fixtures, must satisfy Subsection (a) and also: (1) indicate that it covers this type of collateral; (2) [Reserved.] (3) provide a description of the real property to which the collateral is related sufficient to cause the mortgage to be effective against third persons if the description were contained in a mortgage of real property filed for registry; and (4) if the debtor does not have an interest of record in the real property, provide the name of a record owner. (c) [Reserved.] (d) Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches. Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 1990, No. 1079, §4, eff. Sept. 1, 1990; Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-504 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-504. Indication of collateral

RS 9-504 - Indication of collateral A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to R.S. 10:9-108; (2) an indication that the financing statement covers all assets or all personal property; or (3) the year of manufacture, make, model, body style, and manufacturer's serial or other identification number, in the case of a titled motor vehicle not held as inventory for sale or lease. (4) the hull identification number, vessel length, model year or year built, name of manufacturer or model, vessel type, propulsion type, and principal material of hull construction in the case of a titled vessel not held as inventory for sale or lease. (5) Serial number, year manufactured, name of manufacturer or model, in the case of a titled outboard motor not held as inventory for sale or lease. Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2007, No. 319, §1, eff. July 1, 2008; Acts 2009, No. 508, §1, eff. Jan. 1, 2011.
LA Rev Stat § 10:9-505 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

RS 9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions (a) Use of terms other than "debtor" and "secured party." A consignor, lessor, or bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in R.S. 10:9-311(a), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registered owner", "buyer", "seller", "lienholder", or words of similar import, instead of the terms "secured party" and "debtor". (b) Effect of financing statement under Subsection (a). This Part applies to the filing of a financing statement under Subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under R.S. 10:9-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance. Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 1990, No. 1079, §4, eff. Sept. 1, 1990; Acts 1991, No. 377, §4, eff. Jan. 1, 1992; Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-506 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-506. Effect of errors or omissions

RS 9-506 - Effect of errors or omissions (a) Minor errors and omissions. A financing statement substantially satisfying the requirements of this Part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. (b) Financing statement seriously misleading. Except as otherwise provided in Subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with R.S. 10:9-503(a) is seriously misleading. (c) Financing statement not seriously misleading. If a search of the records of the office of the secretary of state or the Department of Public Safety and Corrections, office of motor vehicles, or of the records of the Department of Wildlife and Fisheries, as applicable, under the debtor's correct name, using that office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with R.S. 10:9-503(a), the name provided does not make the financing statement seriously misleading. (d) "Debtor's correct name." For purposes of R.S. 10:9-508(b), the "debtor's correct name" in Subsection (c) means the correct name of the new debtor. Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2007, No. 319, §1, eff. July 1, 2008.
LA Rev Stat § 10:9-507 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-507. Effect of certain events on effectiveness of financing statement

RS 9-507 - Effect of certain events on effectiveness of financing statement  (a) Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.  (b) Information becoming seriously misleading. Except as otherwise provided in Subsection (c) and R.S. 10:9-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under R.S. 10:9-506.  (c) Change in debtor's name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under R.S. 10:9-503(a) so that the financing statement becomes seriously misleading under R.S. 10:9-506:  (1) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and  (2) the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after the financing statement became seriously misleading.  Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2012, No. 450, §1, eff. July 1, 2013.
LA Rev Stat § 10:9-508 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement

RS 9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement (a) Financing statement naming original debtor. Except as otherwise provided in this Section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral. (b) Financing statement becoming seriously misleading. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under Subsection (a) to be seriously misleading under R.S. 10:9-506: (1) the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under R.S. 10:9-203(d); and (2) the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under R.S. 10:9-203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time. (c) When Section not applicable. This Section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under R.S. 10:9-507(a). Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 1990, No. 493, §1; Acts 1990, No. 1079, §4, eff. Sept. 1, 1990; Acts 1992, No. 235, §2, eff. Jan. 1, 1993; Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-509 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-509. Persons entitled to file a record

RS 9-509 - Persons entitled to file a record (a) Person entitled to file record. A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (1) the debtor authorizes the filing in an authenticated record or pursuant to Subsection (b) or (c); or (2) the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien. (b) Security agreement as authorization. By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering: (1) the collateral described in the security agreement; and (2) property that becomes collateral under R.S. 10:9-315(a)(2), whether or not the security agreement expressly covers proceeds. (c) Acquisition of collateral as authorization. By acquiring collateral in which a security interest or agricultural lien continues under R.S. 10:9-315(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under R.S. 10:9-315(a)(2). (d) Person entitled to file certain amendments. A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if: (1) the secured party of record authorizes the filing; or (2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by R.S. 10: 9-513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. (e) Multiple secured parties of record. If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under Subsection (d). Acts 1991, No. 539, §3, eff. Jan. 1, 1992; Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-510 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-510. Effectiveness of filed record

RS 9-510 - Effectiveness of filed record (a) Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file it under R.S. 10:9-509. (b) Authorization by one secured party of record. A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record. (c) Continuation statement not timely filed. A continuation statement that is not filed within the six-month period prescribed by R.S. 10:9-515(d) is ineffective. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-511 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-511. Secured party of record

RS 9-511 - Secured party of record (a) Secured party of record. A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under R.S. 10:9-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement. (b) Amendment naming secured party of record. If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under R.S. 10:9-514(b), the assignee named in the amendment is a secured party of record. (c) Amendment deleting secured party of record. A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-512 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-512. Amendment of financing statement

RS 9-512 - Amendment of financing statement (a) Amendment of information in financing statement. Subject to R.S. 10:9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to Subsection (e), otherwise amend the information provided in, a financing statement by filing an amendment in the filing office where the financing statement was originally filed, that: (1) identifies, by its file number, the initial financing statement to which the amendment relates; and (2) if the amendment relates to an initial financing statement filed in a filing office described in R.S. 10:9-501(a)(1), provides the information specified in R.S. 10:9-504. (b) Period of effectiveness not affected. Except as otherwise provided in R.S. 10:9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement. (c) Effectiveness of amendment adding collateral. A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment. (d) Effectiveness of amendment adding debtor. A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment. (e) Certain amendments ineffective. An amendment is ineffective to the extent it: (1) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or (2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-514 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-514. Assignment of powers of secured party of record

RS 9-514 - Assignment of powers of secured party of record (a) Assignment reflected on initial financing statement. An initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party. (b) Assignment of filed financing statement. A secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office where the financing statement was originally filed an amendment of the financing statement which: (1) identifies, by its file number, the initial financing statement to which it relates; (2) provides the name of the assignor; and (3) provides the name and mailing address of the assignee. (c) [Reserved.] Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-514.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-514.1. Master assignments and master amendments

RS 9-514.1 - Master assignments and master amendments (a) Master assignment. A secured party of record may assign all of its rights under twenty or more financing statements filed in a parish by filing with the filing office where the financing statements were originally filed a statement of master assignment in the form prescribed by the secretary of state, setting forth: (1) the initial financing statement to which each relates, by each file number; (2) the name of the assignor; and (3) the name and mailing address of the assignee. (b) Master amendment. A secured party of record may amend to change its name and mailing address twenty or more financing statements filed in a parish by filing with the filing office where the financing statements were originally filed a statement of master amendment in the form prescribed by the secretary of state, setting forth: (1) by each file number, the initial financing statement to which each relates; (2) the name of the secured party; (3) the information that is being amended. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-517 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-517. Effect of indexing errors

RS 9-517 - Effect of indexing errors The failure of the filing office to transmit or the secretary of state to index a record correctly does not affect the effectiveness of the filed record. Acts 2001, No. 128, §1, eff. July 1, 2001.
LA Rev Stat § 10:9-518 (2021)
2021 Louisiana Laws|Revised Statutes|Title 10 - Commercial Laws|§9-518. Claim concerning inaccurate or wrongfully filed record

RS 9-518 - Claim concerning inaccurate or wrongfully filed record  (a) Statement with respect to record indexed under person's name. A person may file in the filing office where the financing statement was originally filed an information statement with respect to a record indexed under the person's name if the person believes that the record is inaccurate or was wrongfully filed.  (b) Contents of statement under Subsection (a) of this Section. An information statement under Subsection (a) of this Section must:  (1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;  (2) indicate that it is an information statement; and  (3) provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.  (c) Statement by secured party of record. A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under R.S. 10:9-509(d).  (d) Contents of statement under Subsection (c) of this Section. An information statement under Subsection (c) of this Section must:  (1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;  (2) indicate that it is an information statement; and  (3) provide the basis for the person's belief that the person that filed the record was not entitled to do so under R.S. 10:9-509(d).  (e) Record not affected by information statement. The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.  Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2012, No. 405, §1, eff. July 1, 2013.