P.R. Laws tit. 30, § 2469

2019-02-20 00:00:00+00
§ 2469. Mortgages expiring twenty years before or with no maturity date; requirements

At the request of a party, by notarized affidavit, Registrars shall cancel mortgages which expired more than twenty years before or, if they had no maturity date when granted, after being established, provided the following conditions are met:

(1) That no lawsuit or procedure for the collection or foreclosure of the mortgage whatsoever appears in the Registry.

(2) That in spite of the time that has elapsed, the Registry does not reveal that said lien still exists because of some claim, act or acknowledgment that may denote the existence of a mortgage, by suspension or interruption of the releasing prescription, or any other cause.

History —Mortgage Law, 1979, § 145.