P.R. Laws tit. 30, § 2565

2019-02-20 00:00:00+00
§ 2565. Deterioration of mortgaged property; avoidance of remedy or damage

When the mortgaged property deteriorates, substantially depreciating its value, because of the owner’s fault, negligence or consent, the creditor may request from the Court of First Instance in the Part where the property is located a pertinent resolution ordering the owner to do or not to do what may be in order, to avoid or to remedy the damage. If, in spite of said order, the owner continues to let it deteriorate, the Court may decree judicial administration of the property.

History —Mortgage Law, 1979, § 169.