{"data":{"id":"us-la/rs-9-5550","jurisdiction":"us-la","citation":"RS 9:5550","heading":"Definitions","body":"The following words, phrases, and terms as used in this Part shall be defined and construed as follows:\n(1) \"Collateral mortgage\" shall mean a mortgage that is given to secure a written obligation, such as a collateral mortgage note, negotiable or nonnegotiable instrument, or other written evidence of debt, that is issued, pledged, or otherwise used as security for another obligation. A collateral mortgage or collateral chattel mortgage may provide on its face that the mortgage is granted in favor of a designated mortgagee and any future holder or holders of the collateral mortgage note.\n(2) \"Vendor's privilege\" shall mean a vendor's lien or vendor's privilege on immovable property that secures a written obligation, such as a collateral mortgage note, negotiable or nonnegotiable instrument, or other written evidence of debt.","path":["TITLE 9. CIVIL CODE-ANCILLARIES","CHAPTER 5. COLLATERAL MORTGAGES AND VENDOR'S PRIVILEGES: EFFECTIVE DATE OF COLLATERAL MORTGAGES, RELATIONSHIP OF COLLATERAL MORTGAGES TO CHAPTER 9 OF THE LOUISIANA COMMERCIAL LAWS AND DEFENSES TO ENFORCEMENT"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=108265","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:00Z","sha256":"f2d0b97358b41d27e4cf059a30d65bced6fda1f0a897b0419a897f450ad67251","source_id":"us-la","stale":false,"prev":"us-la/rs-9-5538","next":"us-la/rs-9-5551"},"notice":"GroundRules: Original legal text. Not legal advice."}