Mortgage – Form and content of contract of mortgage

Mortgage – Form and content of contract of mortgage

Art. 3288. Requirements of contract of mortgage. A contract of mortgage must state precisely the nature and situation of each of the immovables or other property over which it is granted; state the amount of the obligation, or the maximum amount of the obligations that may be outstanding at any time and from time to time that the mortgage secures; and be signed by the mortgagor.

Art. 3289. Acceptance. A contract of mortgage need not be signed by the mortgagee, whose consent is presumed and whose acceptance may be tacit.