Fla. Stat. § 714.25

Current through Chapter 86 of the 2024 Legislative Session
Section 714.25 - Effect of enforcement by mortgagee

A request by a mortgagee for the appointment of a receiver, the appointment of a receiver, or the 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 which 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) Constitute an action under chapter 702.

Fla. Stat. § 714.25

s.1, ch. 2020-106.
Added by 2020 Fla. Laws, ch. 106, s 1, eff. 7/1/2020.