D.C. Code § 42-1664: Effect of enforcement by mortgagee.
Where this section sits in the code
- Title 42. Real Property.
- Chapter 16B. Uniform Commercial Real Estate Receivership.
(a)
A request by a mortgagee for appointment of a receiver, the appointment of a receiver, or application by a mortgagee of receivership property or proceeds to the secured obligation does not:
(1)
Make the mortgagee a mortgagee in possession of the real property;
(2)
Make the mortgagee an agent of the owner;
(3)
Constitute an election of remedies that precludes a later action to enforce the secured obligation;
(4)
Make the secured obligation unenforceable;
(5)
Limit any right available to the mortgagee with respect to the secured obligation; or
(6)
Except as otherwise provided in subsection (b) of this section, bar a deficiency judgment pursuant to law of the District other than this act governing or relating to a deficiency judgment.
(b)
If a receiver sells receivership property that pursuant to § 42-1655(c) is free and clear of a lien, the ability of a creditor to enforce an obligation that had been secured by the lien is subject to law of the District other than this act relating to a deficiency judgment.
Collected 2026-08-29T05:44:07Z. Source file · JSON