P.R. Laws tit. 30, § 2724

2019-02-20 00:00:00+00
§ 2724. Summary procedure—Subsequent creditors not notified; procedure

In the event that any subsequent creditor was not notified of the procedure or of the auction, the foreclosing creditor or the successful bidder shall notify him after the auction, so that he may request, if he so desires, that a new auction be held, or pay the price disbursed by the successful bidder. Should 20 days elapse after the notification without either of the two eventualities mentioned having occurred, the court shall order the cancellation of his liens.

History —Mortgage Law, 1979, § 224.