An Insiders Perspective

House Bill 1067:

Louisiana passed a bill permitting the recordation of a sworn affidavit in lieu of a promissory note that has been lost or destroyed. Under the new law, the maker of a lost or destroyed promissory note or any other interested party may prove satisfaction of the note by presenting an affidavit sworn by the obligee of record of the mortgage. The bill is effective August 15, 2008.