Mortgage – Limits on the effect of recordation
Art. 3320. Recordation; limits of effectiveness.
A. Repealed by Acts 2005, No. 169, §8 eff. July 1, 2006.
B. Repealed by Acts 2005, No. 169, §8 eff. July 1, 2006.
C. Recordation has only the effect given it by legislation. It is not evidence of the validity of the obligation that the encumbrance secures. It does not give the creditor greater rights against third persons than he has against the person whose property is encumbered.