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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 42-1664: Effect of enforcement by mortgagee.

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Where this section sits in the code
  1. Title 42. Real Property.
  2. 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

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