Mortgage – Recordation of collateral mortgages

Mortgage – Recordation of collateral mortgages

§5554. No requirement of registry of transfer, assignment, pledge, or security interest in or of the written obligation, collateral mortgage, or vendor’s privilege. There is no requirement that there be registry of

(1) Any evidence of pledge of the written obligation secured by a collateral mortgage or a vendor’s privilege.

(2) Any transfer or assignment of the written obligation secured by a collateral mortgage or a vendor’s privilege, or of the collateral mortgage or vendor’s privilege.

(3) Any security interest in a collateral mortgage or vendor’s privilege or written obligation secured by either.