Legal Opinion
Security National Trust v. Moore
Louisiana Court of Appeal
Decided June 22, 1994No. 25842-CAPublishedCited by 1 opinion
1Opinion of the Court
JjHIGHTOWER, Judge.
In comparison to the maker of a promissory note, an accommodation endorser is not entitled to the same procedural protections in a foreclosure by executory process against property securing a collateral mortgage, nor released from his obligation by a creditor’s failure to provide him notice in advance of the judicial sale.
We thus affirm a deficiency judgment against the endorser in the case sub judice.
BACKGROUND
In 1987, Danny Ray Moore and his wife executed a promissory note which Gary R. Petty endorsed. Security Nat'I Trust (“Security”) later acquired the instrument and,…
2Cases cited23 opinions
- Fuentes v. ShevinSupreme Court of the United States · 1972
- Bosworth v. WhitleySupreme Court of Louisiana · 1993
- Cameron Brown South, Inc. v. East Glen Oaks, Inc.Louisiana Court of Appeal · 1976
- Ford Motor Credit Company v. SoileauLouisiana Court of Appeal · 1975
- Gumina v. DupasLouisiana Court of Appeal · 1965
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3Cited by1 opinion
- First Bank & Trust v. SharpLouisiana Court of Appeal · 2018