Where any lien or charge on any lands within any of the three ridings is claimed in respect of any unpaid purchase money or by reason of any deposit of title deeds, a memorandum of such lien or charge, signed by the person against whom such Hen or charge is claimed, may be registered by any person claiming to be interested therein.
Every such memorandum shall state—
(A)The date from which such lien or charge is claimed;
(B)The name and description of the residence and occupation of the landowner whose lands are charged therewith ;
(C)A description of all the lands within the riding affected by such lien or charge, and the names of all the parishes wherein the same are situate;
(D)The nature of the lien or charge claimed on or in such lands ;
(E)The name, and a description of the residence and occupation of the person registering such memorandum;
and no such lien or charge shall have any effect or priority as against any assurance for valuable consideration which may be registered under this Act, unless and until a memorandum thereof has been registered in accordance with the provisions of this section.