The Perils of Primacy: Successor Liability for Lenders Turned Declarants in Louisiana Common Interest Communities

The article discusses successor liability for lenders turned declarants in Louisiana Common Interest Communities. Topics discussed include common interest communities and the declaration of covenants, conditions, and restrictions (CCR), Louisiana's security devices interfacing with CCR collateral and potential successor liability of lenders who foreclose on CCR declarations and Louisiana courts utilizing various legal theories, doctrines, and related statutes in successor liability case.