Statutes, codes, and regulations
Laws of Puerto Rico
TITLE THIRTY-ONE Civil CodeSubtitle 4 Obligations and ContractsPART XV. Contracts of Pledge, Mortgage, and Antichresis
Chapter 385. Mortgage
§ 5048. Agreement in favor of mortgagee void

P.R. Laws tit. 31, § 5048

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2019-02-20 00:00:00+00
§ 5048. Agreement in favor of mortgagee void

Any agreement authorizing the mortgagee to adjudicate to himself the property of the mortgagor because of failure to observe a contract secured by mortgage, is hereby declared null and void.

History —Civil Code, 1930, § 1780.