House Bill No. [insert number] amends R.S. 9:5701 to clarify the prescriptive periods for certain debts owed to charitable or educational institutions in Louisiana. The bill introduces a definition for "writing," aligning it with the meaning provided in Code of Evidence Article 1001. It establishes that actions for debts, including student loans, stipends, or benefits due to charitable or educational institutions, are subject to a thirty-year prescriptive period, provided the debt is documented in writing. Additionally, it specifies that debts owed to public institutions of higher education, excluding student loans, stipends, or benefits, are subject to a ten-year prescriptive period, also requiring written evidence.

The bill is designed to be remedial and retroactive but clarifies that it will not revive any obligations that have already been adjudicated as of the effective date of the new provisions. This legislative change aims to provide clearer guidelines regarding the time limits for pursuing debts related to educational and charitable institutions, thereby enhancing legal clarity for both creditors and debtors in Louisiana.

Statutes affected:
HB72 Original:
HB72 Engrossed:
HB72 Enrolled: