{
  "urn": "urn:us-la:rs:9:5550",
  "title_number": "9",
  "section_number": "5550",
  "citation": "R.S. 9:5550",
  "heading": "Definitions",
  "text": "The following words, phrases, and terms as used in this Part shall be defined and construed as follows:\n\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\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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "9",
      "name": "CIVIL CODE--ANCILLARIES"
    },
    {
      "level": "code_preliminary_title",
      "number": "1",
      "name": "[BLANK]"
    },
    {
      "level": "code_book",
      "number": "III",
      "name": "OF THE DIFFERENT MODES OF ACQUIRING THE OWNERSHIP OF THINGS PRELIMINARY TITLE - GENERAL DISPOSITIONS (BLANK)"
    },
    {
      "level": "code_title",
      "number": "XXII",
      "name": "OF MORTGAGES"
    },
    {
      "level": "chapter",
      "number": "5",
      "name": "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"
    }
  ],
  "breadcrumb": "Title 9 › Code Preliminary Title › Code Book III › Code Title XXII › Chapter 5",
  "acts_citations": [
    {
      "act_year": 1989,
      "act_number": 137,
      "section": 7,
      "effective_date": "1989-09-01",
      "effective_date_raw": "Sept. 1, 1989",
      "role": "enactment"
    },
    {
      "act_year": 1991,
      "act_number": 377,
      "section": 3,
      "effective_date": "1992-01-01",
      "effective_date_raw": "Jan. 1, 1992",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1989, No. 137, §7, eff. Sept. 1, 1989; Acts 1991, No. 377, §3, eff. Jan. 1, 1992.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=108265",
  "website_law_id": 108265,
  "scrape_timestamp": "2026-05-22T23:55:25Z",
  "source_html_hash": "sha256:311015e4f785ddb201d336fc2deecd751d21cc19b1fe15564c56f6f8e93d1c21",
  "schema_version": "1.0.0"
}