Usufruct
R.S. 6:826

Provision for taxes, insurance ACTIVE

An association may require the borrower to pay monthly in advance, in addition to interest and principal payments, the equivalent of one-twelfth of the estimated annual taxes, assessments, insurance premiums, ground rents, and other charges upon the real estate securing a loan, or any of such charges, so as to enable the association to pay such charges as they become due from the funds so received. Such funds are to be held by the association, without paying interest thereon, for the credit of the borrower.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • enactment Acts 1970, No. 234, §1
  • amendment Acts 1983, No. 675, §1

Section navigation

Cite R.S. 6:826

Bluebook
La. Rev. Stat. Ann. § 6:826 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-826
BibTeX
@misc{larevstat-6-826,
  title        = {La. Rev. Stat. Ann. § 6:826},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-826},
  note         = {Snapshot 2026-05-22}
}