Reinscription Law and Legal Definition
Reinscription refers to the process of inscribing again ( a mortgage or document creating a privilege) after expiration of the period of inscription. A recorded mortgage or document creating a privilege is reinscribed by filing a notice of reinscription with the recorder.
The following is an example of a State Law on Reinscription :
La. C.C. Art. 3358
Art. 3358. Duration of recordation of certain mortgages and vendor's privileges
If an instrument creating a mortgage or evidencing a vendor's privilege describes the maturity of any obligation secured by the mortgage or privilege and if any part of the described obligation matures nine years or more after the date of the instrument, the effect of recordation ceases six years after the latest maturity date described in the instrument.
La. C.C. Art. 3357
Art. 3357. Duration; general rule
Except as otherwise expressly provided by law, the effect of recordation of an instrument creating a mortgage or evidencing a privilege ceases ten years after the date of the instrument.
La. C.C. Art. 3362
Art. 3362. Method of reinscription
A person may reinscribe a recorded instrument creating a mortgage or evidencing a vendor's privilege by recording a signed written notice of reinscription. The notice shall state the name of the mortgagor or obligor of the debt secured by the privilege as it appears in the recorded instrument and registry number or other appropriate recordation information of the instrument or of a prior notice of reinscription, and shall declare that the instrument is reinscribed.
La. C.C. Art. 3364
Art. 3364. Effect of timely recordation of notice of reinscription
A notice of reinscription that is recorded before the effect of recordation ceases continues that effect for ten years from the date the notice is recorded.