LOUISIANA—HB567—FILING OF SECURITY UNDER PRIVATE WORKS ACT

Effective 8-1-14, a certificate of deposit will no longer qualify to guarantee payment under a lien.

Act HB567 provides that either a bond, cash or certified funds may be deposited with the recorder of mortgages to guarantee payment of an obligation secured by a privilege. A federally insured certificate of deposit no longer qualifies to guarantee payment. Click here for legislation



 

Contact

Get in Touch With Us

NCS works to provide you and all our clients with the most resourceful products and customer satisfaction. Our dedicated and knowledgeable staff is committed to delivering exemplary service and support. Please contact us with any questions or suggestions.

Required Fields *