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DIAMOND SERVICES CORP. v. BENOIT

No. 2000-C-0469.

780 So.2d 367 (2001)

DIAMOND SERVICES CORPORATION v. Delores N. BENOIT.

Supreme Court of Louisiana.

February 21, 2001.

Attorney(s) appearing for the Case

Christopher A. Edwards, Lafayette, Counsel for Applicant.

David C. Laborde, Jeanne M. Laborde, Paulin J. Laborde, Jr., Lafayette, Max Nathan, Jr., Raymond P. Ward, New Orleans, Counsel for Respondent.

David J. Boneno, Metairie, Counsel for Louisiana Bankers Association (Amicus Curiae).

CALOGERO, Chief Justice.*

We granted this writ primarily to resolve a conflict among the courts of appeal over whether the maker of a collateral mortgage note is personally liable beyond the value of the mortgaged property when the collateral mortgage note is pledged to secure the debt of a third party. After reviewing the applicable law, we conclude that, within the context of the collateral mortgage package, the maker of a collateral...

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