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https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2562/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2562 - Interest-drawing loan; secured... | Unless there is an agreement to the contrary, a mortgage granted on an interest-drawing loan shall only secure, with prejudice to a third party, in addition to the principal, interest for the last two years that have elapsed and the part due from the current annual payment.
No stipulation may be made in any case that t... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2563/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2563 - Interest payments due; securit... | In order to secure interest payments that are due and not paid which were not guaranteed in accordance with the preceding section, the creditor may demand an increase in the mortgage on the mortgaged property itself from the debtor. In no case shall this increase prejudice the real rights recorded prior to it. If the m... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2564/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2564 - Ground rent; delinquent pensio... | A creditor of delinquent annual ground rent pension taxes may not claim restitution against the encumbered estate, with prejudice to another subsequent mortgage creditor or lender, except under the terms and with the restrictions established in the preceding §§ 2562 and 2563 of this title, but he may demand a mortgage ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2565/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2565 - Deterioration of mortgaged pro... | 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 a... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2566/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2566 - Mortgage on several properties... | When several properties are mortgaged at the same time by a single loan, the amount or part of the lien which each must be liable for shall be specified.
Excepted from what is provided above, mortgages are constituted to secure farmers’ argicultural loans, are redeemable by partial annual payments for a period not less... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2567/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2567 - Right to claim limited to fixe... | After having recorded that part of the loan in the Registry for which each of the mortgaged properties or rights is liable, restitution may only be claimed against them with prejudice to a third party for the amount they are respectively affected, and that amount corresponding to interest, in accordance with the provis... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2568/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2568 - Entire loan not covered by mor... | If the mortgage does not cover the entire loan, what is provided in the preceding section shall be understood not to be prejudicial to the creditor’s ability to claim restitution for the difference against the remaining mortgaged properties that the debtor owns, but without preference, as to said difference, for those ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2569/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2569 - Reduction of obligation; mortg... | The mortgage shall remain intact on the total mortgaged property as long as it is not cancelled, even though the secured obligation may be reduced, and on any part of the same property that is kept, even though the remainder has disappeared, but without prejudice to what is provided in the two following sections.
Histo... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2570/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2570 - Division of mortgaged property... | If a mortgaged property is divided into two or more properties, the mortgage loan shall only be distributed among them when the debtor and the creditor so agree. If this distribution is not made, the creditor may claim restitution for the total secured sum against any of the new properties into which the first has been... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2571/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2571 - Division of mortgage; partial ... | When a mortgage constituted to secure a loan has been divided among several properties and part of the loan with which one of them was encumbered is paid, partial cancellation of the mortgage on it may be demanded by the interested party.
If a portion of the loan paid could be applied to the release of one or more of t... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2572/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2572 - Partial release | When only one property is mortgaged, or when there are several, and the liability of each has not been indicated because of the occurrence of cases foreseen in the second paragraph of § 2566 and in § 2570 of this title, no demand may be made for the release of any part of the mortgaged property regardless of what part ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2573/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2573 - Insufficient sale price; extin... | When mortgage loans made by several creditors encumber one or several properties, and they are sold or judicially awarded for payment to the forecloser, so that the sale price does not exceed or equal the mortgage loan which is being liquidated, subsequent loans shall be understood to be extinguished de facto and de ju... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2574/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2574 - Equality of due dates and mort... | Unless there is an agreement to the contrary, provided the payment of a credit secured by a mortgage is divided into several due dates, and if endorsable bearer titles have been issued, and when two or more mortgages have been constituted on a property or right in the same deed without establishing any priority, it sha... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2575/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2575 - Appraised value noted in deed;... | So that foreclosure and collection of a mortgage loan may be made either in accordance with summary or ordinary procedures, it shall be indispensable that the mortgage deed include the specified price the mortgaged property or real right is appraised at by the interested parties, so that it may serve as a standard for ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2576/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2576 - Prescription of mortgage actio... | The mortgage action prescribes twenty years from the date it could have been brought in accordance with the recorded title.
History —Mortgage Law, 1979, § 180. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-i/2577/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter I - Mortgages Generally (§§ 2551 —... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter I - Mortgages Generally (§§ 2551 — 2577) › § 2577 - Registrations and cancellation... | Registration and cancellation of mortgages shall be subject to the legal standards established in §§ 2251-2361 and 2451-2473 of this title for registrations and cancellations in general, without prejudice to the special standards included in this subtitle.
History —Mortgage Law, 1979, § 181. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2601/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2601 - Definition; authorized partie... | Voluntary mortgages are those agreed to between parties, or imposed by order of the owner of the properties or rights on which they are constituted, and may only be established by those having free disposal of these properties or rights, or, if they do not have it, they do have the legal authority to do so.
History —Mo... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2602/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2602 - Establishment by himself or a... | Those who have the authority in accordance with the preceding section to establish voluntary mortgages may do so themselves or through an agent.
A mortgage granted by someone who does not have the right to do so shall not be ratified even though the grantor may later acquire this right.
History —Mortgage Law, 1979, § 1... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2603/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2603 - Obligation limited to mortgag... | Notwithstanding the provisions in § 2552 of this title, a valid agreement may be reached in the deed constituting a voluntary mortgage, so that the secured obligation may only be effective on the mortgaged property.
In this case, the debtor’s liability and the creditor’s action shall be limited by virtue of the mortgag... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2604/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2604 - Future obligation or subject ... | A mortgage constituted for the security of a future obligation or subject to a recorded suspensive condition shall become effective against a third party from the date of its registration, if the obligation is, in fact, contracted or the condition fulfilled.
If the secured obligation is subject to a recorded resolutory... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2605/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2605 - Unilateral constitution in fa... | When voluntary mortgages are constituted by a unilateral act of the owner of the property or right mortgaged in favor of a certain person, the latter’s acceptance shall be entered in the Registry by a note, the effects of which shall be retroactive to the date of its constitution.
If the acceptance of the person in who... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2606/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2606 - Transaction or agreements whi... | Any transaction or agreement between the parties that may modify or destroy the validity of a prior mortgage obligation, such as a payment, compensation, grace period or extension, the agreement or promise not to request the substitution of the original contract and the transaction or commitment shall not become effect... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2607/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2607 - Requirements for valid consti... | In order for voluntary mortgages to be validly constituted, it is required:
First.— That they be stipulated in a deed.
Second.— That the document be recorded in the Property Registry.
—Mortgage Law, 1979, § 188.
History |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2608/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2608 - Exchange or postponement; req... | A recorded mortgage may be exchanged for another of lower rank or postponed for another to be constituted in the future in accordance with the following requirements:
First.— That the creditor who is exchanging or is going to postpone expressly consents to the exchange or postponement in a public document.
Second.— Tha... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2609/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2609 - Interest on loan—Requirements... | Interest on the loan shall only be considered secured by the mortgage in the manner prescribed in §§ 2562 and 2563 of this title when the stipulation and amount of said interest arise from the registration itself. The mortgage creditor may claim restitution against the mortgaged property for payment of the interest due... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2610/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2610 - Interest on loan—Claim by civ... | That part of the interest that the creditor cannot demand in a mortgage foreclosure may be claimed from the obligated person in a civil suit, except in the case foreseen in § 2603 of this title.
History —Mortgage Law, 1979, § 191. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2611/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2611 - Mortgaged ground rent leaseho... | When a mortgaged ground rent leasehold is redeemed, the mortgage creditor shall have the right to make the redeemer, at his option, either pay off the whole loan with the interest due and to become due, or take over his own mortgage on the property encumbered with the leasehold. In the latter case, a new mortgage regis... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2612/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2612 - Alienation, cession or submor... | Alienation, cession or submortgaging of the mortgage credit shall affect a third party from the date of its recording in the Registry.
The mortgage debtor shall not remain obligated by this contract by more than he is by his own, provided he has been notified in accordance with the following section. The cessionary sha... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2613/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2613 - Alienation, cession or submor... | A notarized notice of the mortgage credit cession contract, submortgage or any other form of alienation of the loan shall be given to the debtor or titleholder of the property if they are different persons, unless the case in § 2614 of this title is applicable. Notification of the cession to the debtor shall appear in ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2614/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2614 - Titles by endorsement or to b... | When a mortgage is constituted to secure titles conveyable by endorsement or to the bearer, the mortgage right shall be considered conveyed along with the title, without the need of making it known to the debtor or noting the conveyance in the Registry.
History —Mortgage Law, 1979, § 195; June 14, 1980, No. 143, p. 535... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2615/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2615 - Titles by endorsement or to b... | A mortgage deed to guarantee titles conveyable by endorsement or to the bearer shall consign, in addition to data usually included in all mortgage loans, those regarding the number and value of the titles issued, their corresponding serial numbers, the date or dates issued, the terms and manner in which they shall be p... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2616/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2616 - Lines of credit; mortgage dee... | A mortgage may also be constituted to secure lines of credit, specifying in the deed the maximum amount the mortgaged property or right is liable for, and the date or maturity, showing whether the latter is extensible or not, and, if it is, the allowable extension time and the terms for liquidating the account.
History... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2617/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2617 - Periodic income or remittance... | A mortgage may be constituted to secure periodic income or remittances by an agreement between the parties or by a unilateral act. When it is constituted by a unilateral act of the owner of the mortgaged property or right, the provisions in § 2605 of this title shall apply. If it is constituted in a last will and testa... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-ii/2618/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter II - Voluntary Mortgages (§§ 2601 ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter II - Voluntary Mortgages (§§ 2601 — 2618) › § 2618 - Third party, subsistence of m... | As long as a registration is not cancelled, the mortgage shall subsist for a third party.
History —Mortgage Law, 1979, § 199. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-119/subchapter-iii/2651/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 119 - Mortgages (§§ 2551 — 2651)›Subchapter III - Statutory Mortgages (§ 2651)... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 119 - Mortgages (§§ 2551 — 2651) › Subchapter III - Statutory Mortgages (§ 2651) › § 2651 - Nature; titleholders; preference | A statutory mortgage is constituted in favor of the Commonwealth of Puerto Rico, the Center for Collection of Municipal Incomes of the Commonwealth of Puerto Rico, and its corresponding municipalities on the taxpayers’ property for land taxes pertaining to the last five annual assessments and for current unpaid taxes e... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2701/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2701 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2701 - Summary procedure—Applicable provisions; ordinary way; costs ... | Once a mortgage loan or its interest has wholly or partially become due, the procedure for its foreclosure and collection, when levied solely against the property encumbered with the mortgage, shall conform to the provisions in this subtitle.
At his option, a mortgage creditor may also resort to ordinary judicial proce... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2702/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2702 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2702 - Summary procedure—Jurisdiction and venue; circumstances for d... | The Court of First Instance Part in whose jurisdiction all the mortgaged properties are located shall have jurisdiction and exclusive venue to take cognizance of the summary mortgage procedure, whatever the amount of the obligation may be, and without admitting in any way the submission of another party to the contrary... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2703/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2703 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2703 - Summary procedure—Prior requisites | In order for the procedure for foreclosure and collection of a mortgage loan to be valid, the debtor or his successors in the secured obligation must, after its expiration, first be ordered to pay the exact amount owed for all concepts, except for the amount stipulated for court costs and attorneys’ fees in the event o... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2704/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2704 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2704 - Summary procedure—Demand for payment by notary or by letter; ... | A notarial demand for payment or one made by letter mentioned in § 2703 of this title shall be made in the following way:
If the person to be summoned is an adult, the payment order shall be sent to him or to his agent if he is empowered to pay his debts, to represent him in a trial or to receive notifications.
If he i... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2705/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2705 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2705 - Summary procedure—Payment or remittance; opportunity to make;... | The payment or remittance may be made at any time prior to the filing of the initial brief, without being obligated at that time to pay all or part of the amount agreed to in the mortgage deed for court costs and attorneys’ fees. Interest must be computed and paid up to the date of their payment or remittance.
If the d... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2706/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2706 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2706 - Summary procedure—Initial brief; requirements; content | A summary procedure shall be initiated by presenting in a Part of the competent Court of First Instance a brief signed by a lawyer which must necessarily include:
I. The competence of the Part of the Court of First Instance resorted to;
II. the facts and the exact text or essential statement of the specific legal groun... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2707/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2707 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2707 - Summary procedure—Documents to be presented with initial brie... | The foreclosing creditor shall submit the following documents along with the initial brief:
I. The title or titles of the mortgage loan to be collected.
II. A certified copy of the notarial record proving payment was demanded from the debtor or, when applicable, from the third owner, with at least twenty (20) days adva... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2708/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2708 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2708 - Summary procedure—Copy of initial brief certified by clerk of... | Once the initial brief is filed, the forecloser shall submit a copy of it certified by the Clerk of the Court to the Registry, requesting that a note be placed in the margin of the mortgage entry which is subject to the suit. This note shall serve as notification for all legal effects to third acquirers of the mortgage... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2709/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2709 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2709 - Summary procedure—Certification by registrar after notation i... | The forecloser shall request from the Registrar, and submit to the Court a certification with a later date than that of the notation in the Registry, which shall contain the following details:
(a) The present titleholders of the property.
(b) A list of all the encumbrances, liens, real rights and notations which affect... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2710/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2710 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2710 - Summary procedure—Action by court; order of requirement to pa... | The court shall examine the initial brief, the attached documents and the Registrar’s certification, and if it considers that the stated legal requirements have been met shall, with this alone, admit it and issue a writ summoning those who, according to the Registry certification, are in possession of the mortgaged pro... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2711/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2711 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2711 - Summary procedure—Subsequent mortgage creditors and titlehold... | Subsequent mortgage creditors and lawful titleholders in final and unappealable judgments, duly recorded or secured by embargo on the loan being foreclosed, may file a sworn motion during the procedure establishing the amount of the loan owed to them. This procedure shall be essential to exercise the right granted to t... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2712/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2712 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2712 - Summary procedure—Summons; requirements and contents; warning... | As soon as the writ mentioned in § 2710 of this title is issued, the Clerk of the Court shall issue a summons which must be signed by him and shall bear the name and seal of the court, specifying the corresponding Court of First Instance Part and the names of the foreclosing creditor and the foreclosed debtor or third ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2713/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2713 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2713 - Summary procedure—Demand for payment; form to follow; publish... | The indicated demand for payment shall be delivered by any marshal of the Court of First Instance of Puerto Rico, as an executive official thereof, in the following manner:
(1) When all the mortgaged properties are in the hands of a single owner, according to the Registry certification, the demand for payment shall be ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2714/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2714 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2714 - Summary procedure—Demand for payment by marshal to debtor; wa... | When the demand for payment mentioned in § 2713 of this titleis made, the marshal shall personally summon the foreclosed debtor or third owner so that within a nonextensible period of thirty days, he pay all the money claimed in the summary procedure to the foreclosing creditor, expressly warning him that if this payme... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2715/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2715 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2715 - Summary procedure—Proof of service required; notice by publis... | Proof that the summons was served shall be contained in the certification which the marshall who served it makes and signs on the back of the demand order issued by the Clerk, where the name of the person summoned, the date and place in which he served the summons, the manner in which he served the summons, and the fac... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2716/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2716 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2716 - Summary procedure—Deposition by person summoned; date; matter... | Within the first twenty (20) days of the thirty granted by § 2710 of this title for the payment of all the money claimed in the summary procedure, the person demanded judicially for payment may submit a written deposition in the procedure, solely to state clearly and precisely all de facto and de jure reasons that he m... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2717/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2717 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2717 - Summary procedure—Dismissal; hearing for meritorious challeng... | If submitted, the court shall examine said written deposition and the documents on which it is founded, and if it should find that it lacks merit, it shall dismiss it outright by resolution that shall promptly be notified to the creditor and to the debtor or third owner who drafted it.
If the court determines that a va... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2718/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2718 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2718 - Summary procedure—Amendment of initial brief; notice | The initial brief may be amended with the court’s permission, notifying the debtor, the third owner and the persons interested in the liabilities recorded after the right of the forecloser of the amendment. In this case, in view of the character and importance of the amendment, the court may require the submission of a... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2719/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2719 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2719 - Summary procedure—Auction; prior actions; published edict | When the time allotted for the judicial demand for payment has expired without the debtor or third owner’s having made the payments for which he was summoned, and with the objections he made in accordance with the provisions of § 2716 of this title having been finally resolved against him, the court, at the request of ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2720/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2720 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2720 - Summary procedure—Auction edict; content and warning | The auction edict issued by the marshal shall state:
(a) That the record of the case and all the documents pertaining to the procedure filed shall be on exhibit in the Office of the Clerk of the Court during working hours.
(b) That it shall be understood that all bidders accept the title documents as sufficient, and th... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2721/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2721 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2721 - Summary procedure—Day, place and time of auction; bids for fi... | The auction shall be held on the day, place and time indicated in the edict, in the presence of the marshal of the Court of First Instance Part intervening in the procedure, without its being lawful for this official to deviate from the auction’s terms and conditions indicated by the Court in its sale order.
The price ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2722/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2722 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2722 - Summary procedure—Bidders; who may and may not bid; procedure | The foreclosing creditor may bid in all the auctions. Should he turn out to be the highest bidder, the amount of his loan shall be totally or partially credited to the price offered by him.
The holders of current mortgage loans and those made after the mortgage, which is being collected and foreclosed, who appear as su... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2723/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2723 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2723 - Summary procedure—Additional rules for auction | Besides conforming to that provided in the four preceding sections, an auction procedure must also conform to the following rules:
First.— The marshal shall open the auction procedure on the hour, date and place indicated in the published auction edict by reading the entire edict aloud and inviting those present to bid... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2724/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2724 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2724 - Summary procedure—Subsequent creditors not notified; procedur... | 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 e... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2725/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2725 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2725 - Summary procedure—Proceedings after auction; confirmation of ... | Once the auction is held, the marshal shall return the auction order and memorandum to the Office of the Clerk of the Court along with the edict and other documents in his possession pertaining to the auction, including any objections to the procedure made during the auction. The Clerk shall immediately transfer the en... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2726/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2726 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2726 - Summary procedure—Confirmation of sale; disposition of auctio... | If the sale is confirmed as provided in § 2725 of this title, the auction price shall be assigned without delay to the payment of the claimant’s mortgage loan; the remainder shall be deposited by the marshal in the Office of the Clerk of the Court so that the court may resolve what is in order regarding subsequent cred... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2727/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2727 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2727 - Summary procedure—Property passing into hands of third owner;... | If, before the creditor makes valid his right on the mortgaged property, it should pass into the hands of a third owner, the latter, by proving the registration of his title, may ask to see the records in the Office of the Clerk of the Court, and the court shall so resolve without paralyzing the course of the procedure... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2728/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2728 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2728 - Summary procedure—Failure to pay installment; foreclosure pro... | The foreclosure procedures regulated in preceding sections shall be equally applicable to a case in which part of the principal or interest is not paid, when its payment must be made in different installments if any of them is due, without the debtor having fulfilled his obligation, and provided said stipulation is rec... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2729/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2729 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2729 - Summary procedure—Standards and conditions of order or auctio... | The standards, requirements, conditions and terms referring to the auction that were clearly expressed in the auction order or in the auction edict shall obligate and categorically affect all the parties in the mortgage procedure including subsequent creditors, bidders, endorsers, successful bidders, acquirers, and bid... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2730/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2730 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2730 - Summary procedure—Deed of conveyance granted by marshal; poss... | When the property or mortgaged right is sold or awarded and, when appropriate, the corresponding price is deposited and the sale or award is confirmed, the marshal who held the auction shall proceed to grant the corresponding deed of conveyance in representation of the owner or titleholder of the mortgaged property, in... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2731/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2731 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2731 - Summary procedure—Cancellation of entries | Once the conveyance deed of the mortgaged property or right is granted at the request of the successful bidder, the Court shall order the cancellation of the entries in the Property Registry which are in order, including those made in behalf of the person who recorded his right after the date of notation of the procedu... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2732/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2732 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2732 - Summary procedure—Secure homestead; measures taken | In accordance with the legal provisions in force concerning a claim for the right to a “Secure Homestead”, when the auction and sale of a mortgaged property is held and confirmed, the amount which the stated provisions order must be retained and deposited. The same rules shall apply in the event of an award, once it is... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2733/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2733 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2733 - Summary procedure—Procedures not to be suspended; exceptions | The court shall, in no case, suspend summary mortgage procedures not even because of the death of the debtor or third owner. Nor may it be suspended by motions or by any other procedures, either at the request of the debtor, the third owner or any other interested party or claimant, except in the following cases:
First... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2734/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2734 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2734 - Summary procedure—Interim administration of mortgaged propert... | The court may order the interim administration of the mortgaged property under the terms and conditions that it indicates if there was an agreement outlined in the mortgage deed, or if it is really considered necessary during the procedure, by sworn petition of any interested party with a recorded right and after the p... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-121/2735/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735)›§ 2735 - Summary proce... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 121 - Mortgage Foreclosure Proceedings (§§ 2701 — 2735) › § 2735 - Summary procedure—Pending actions; application of prior law | No provision in this chapter shall apply to, or in any way affect, the summary judicial procedure in the collection and foreclosure of mortgage loans initiated before the date this act is in effect, and may on that date be pending action. These procedures shall continue being handled in accordance with previous legisla... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2761/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2761 - Concordance between rec... | Concordance between the record and legal reality outside the Registry shall be achieved, according to the cases, by registration of properties which are not recorded in anyone’s name, by the resumption of an interrupted successive tract and by the cancellation of encumbrances and liens.
The registration of properties, ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2762/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2762 - Ownership without recor... | Any owner who lacks a recordable ownership title, regardless of when the acquisition occurred, may record said ownership by justifying it through the following formalities:
First.— He/she shall file a sworn statement with the Court of First Instance Part of the territory in which the property is located, or in the terr... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2763/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2763 - Ownership without recor... | Once the period established in the next to last paragraph of § 2762 of this title has elapsed, the court shall hold a hearing, at the request of the petitioner, in order to hear the claims and evidence presented.
If there are no objections, the petitioner shall submit the evidence proving compliance with all the requir... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2764/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2764 - Ownership without recor... | The petitioner, the other interested parties, the District Attorney and the Secretary of Transportation and Public Works or, in their absence, the public agencies affected, may appeal the resolution issued by the court, and should they do so, the appeal shall be heard in regular civil proceeding.
With the admission or ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2765/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2765 - Ownership without recor... | When verification of a property survey is required by this subtitle, it shall be done by certification of the measurement duly sworn to by the licensed surveyor who made it, where the summoning of the bordering landowners is attested to, as well as the fact that the survey was correctly made.
History —Mortgage Law, 197... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2766/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2766 - Ownership without recor... | When registration of community property is sought, and all its members did not follow the proper procedures, the other co-owners must be summoned in the manner and terms established in § 2762 of this title.
History —Mortgage Law, 1979, § 241. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2767/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2767 - Ownership without recor... | In the event that the immediately previous owner must be summoned, but has died, the petitioner shall list the names of the heirs in the initial brief if they are known, and if they are not, shall state that they are persons unknown.
It shall not be necessary to prove documentarily that they are heirs or successors, bu... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2768/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2768 - Ownership without recor... | A petitioner cannot be expected to submit the property’s acquisition title in the judicial proceeding to prove ownership when he has alleged that he does not have it. In the event that one of the persons summoned objects to the adjudication of title proposed by the petitioners, alleging that he has more right to it tha... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2769/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2769 - Ownership without recor... | The decision on whether or not ownership is proved shall not prevent the subsequent filing of a plenary contested suit by the person who considers himself injured, without prejudice to the provisions of § 2355 of this title, with regard to a third party.
History —Mortgage Law, 1979, § 244; June 14, 1980, No. 143, p. 53... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2770/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2770 - Registration of propert... | When the Registrar has good reason to believe that the property to be registered appears in the Registry or is part of another property already recorded, he shall demand the corresponding judicial opinion that it is a different property, with notification to those having a right in the Registry.
History —Mortgage Law, ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2771/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2771 - Owner of recorded prope... | When the owner of a recorded property or of a real right on it does not appear as owner of record, he must bring a regular action against those appearing in the Registry as titleholders, and if he wins the lawsuit, the court shall order a registration in the name of the plaintiff, and the cancellations which are in ord... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2772/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2772 - Rectification of size o... | Rectification of the size of all properties already recorded may be entered in the Registry by any of the following means:
First.— By an unappealable verdict handed down in a regular procedure of judicial survey or to establish the dimensions.
Second.— By public document when it is a question of reduction of the area o... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2773/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2773 - Real right on other’s u... | The titleholder of a real right imposed on someone else’s unrecorded property may request the registration of his right, in accordance with the following rules:
First.— He shall present his title in the appropriate Registry section, requesting that a cautionary notice be entered for failure to record the property befor... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2774/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2774 - Registration by state, ... | The state, its agencies, instrumentalities or municipalities may register properties belonging to them, provided they have possessed the property, as shown in their records, for more than thirty years as owners, quietly, continuously, publicly and peacefully.
They may also register property possessed under similar circ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2775/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2775 - Registration by state, ... | In order to make the registration provided in § 2774 of this title, the head of the agency, in whose charge the administration or custody of the properties which are to be registered is, provided that because of his office he exercises public authority or has the power to certify, shall issue a certification in which, ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2776/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2776 - Double registration; pr... | If a person who has real estate property registered in his/her name believes that another registration entered under a different number refers to the same real estate property or to the same titleholder, he/she may request that the Registrar, after summoning all interested parties pursuant to the provisions of the Rule... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-123/2777/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 123 - Concordance Between Record and Legal Reality; Registration of Property (§§ 2761 — 2777) › § 2777 - Unrecorded documents; i... | No document or legal instrument that has not been recorded in the Registry by which rights, subject to registration according to this subtitle, are constituted, conveyed, recognized, modified or extinguished shall be admitted in the courts or in those government bodies which exercise quasi-judicial powers.
Nevertheless... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-125/2801/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 125 - Registry Books and Repeals (§§ 2801 — 2802)›§ 2801 - Books; closing, fil... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 125 - Registry Books and Repeals (§§ 2801 — 2802) › § 2801 - Books; closing, filing, transfer, restoration and issuance of certi... | All that pertains to the closing and filing of Registry books existing in old accounting offices, annotating offices and mortgage-receiving offices, transfer of the Day Books, or operations of the different Registry sections to the general files, the issuing of certifications of these books, restoration of totally or p... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-125/2802/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 125 - Registry Books and Repeals (§§ 2801 — 2802)›§ 2802 - Repeals | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 125 - Registry Books and Repeals (§§ 2801 — 2802) › § 2802 - Repeals | The “Mortgage Law for Overseas Provinces”, approved on July 14, 1893, and the Regulations for its enforcement, approved on July 18, 1893, as both bodies of law have been amended, §§ 1-556, 621-777, 831-1465 and 1531-1644 of this title; Act No. 3, approved on September 2, 1955, as amended, sections 1748-1765 and 1768-17... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-4/chapter-127/2821/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821)›Chapter 127 - Transitory Provisions (§ 2821)›§ 2821 - Transitory provisions | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions (§§ 2001 — 2821) › Chapter 127 - Transitory Provisions (§ 2821) › § 2821 - Transitory provisions | First.— Any mention of a right subject to special and separate registration existing in Registry entries shall have no effect whatsoever, even though it may relate or refer to titles or registrations entered later, when the interested party has not requested that the right be recorded, or no legal action has been initi... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-201/4001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 201 - Property Registrars (§§ 4001 — 4003)›§ 4001 - Number of registrars | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 201 - Property Registrars (§§ 4001 — 4003) › § 4001 - Number of registrars | The Property Registry shall have twenty-eight (28) Registrars. The Secretary of Justice may increase their number up to a maximum of thirty-six (36), except in case a Registrar is appointed as Administrative Director, when their number may be increased to thirty-seven (37).
History —June 3, 1980, No. 86, p. 239, § 1; J... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-201/4002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 201 - Property Registrars (§§ 4001 — 4003)›§ 4002 - Salaries | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 201 - Property Registrars (§§ 4001 — 4003) › § 4002 - Salaries | The salary of the Property Registrars shall be equal to the salary established for the office of Superior Judge of the Court of First Instance. The annual salary of the Administrative Director of the Property Registry shall be five percent (5%) higher than the salary of the Property Registrars.
History —June 3, 1980, N... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-201/4002a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 201 - Property Registrars (§§ 4001 — 4003)›§ 4002a - Leave | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 201 - Property Registrars (§§ 4001 — 4003) › § 4002a - Leave | Property registrars have the right to accumulate and enjoy vacation and sick leave in accordance with the applicable norms for other employees of the Justice Department.
History —June 3, 1980, No. 86, p. 239, added as § 3 (second) on Dec. 13, 1990, No. 40, § 5. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-201/4002b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 201 - Property Registrars (§§ 4001 — 4003)›§ 4002b - Lump sum payment | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 201 - Property Registrars (§§ 4001 — 4003) › § 4002b - Lump sum payment | Upon separation from service property registrars shall have a right to lump sum payment of accumulated sick and vacation leave in accordance with the provisions of § 703a of Title 3.
History —June 3, 1980, No. 86, p. 239, added as § 4 on Dec. 13, 1990, No. 40, § 5. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-201/4003/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 201 - Property Registrars (§§ 4001 — 4003)›§ 4003 - Funds | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 201 - Property Registrars (§§ 4001 — 4003) › § 4003 - Funds | The funds needed to carry out the purposes of §§ 4001-4003 of this title shall be appropriated annually in the Regular Budget Joint Resolution.
History —June 3, 1980, No. 86, p. 239, § 3; Sept 16, 1983, No. 14, p. 381, § 2, eff. Oct. 1, 1983. |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-202/5001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 202 - Computerized Registry System (§§ 5001 — 5005)›§ 5001 - Regulations | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 202 - Computerized Registry System (§§ 5001 — 5005) › § 5001 - Regulations | The Secretary shall approve the regulations that are needed for the implementation of this chapter.
The operational regulations of the Computerized Registry System, approved on March 29, 1999 by the Secretary, shall be deemed to be an approved regulation for the purposes of §§ 2101 et seq. of Title 3.
The Secretary sha... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-202/5002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 202 - Computerized Registry System (§§ 5001 — 5005)›§ 5002 - Personnel and ... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 202 - Computerized Registry System (§§ 5001 — 5005) › § 5002 - Personnel and their training | (a) The Secretary may hire all the personnel that is needed for the updating of the operations of the Property Registry and the implementation of the electronic information systems. The Secretary may recruit temporary personnel, on a full-time or part-time basis, by designation or through a professional services contra... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-202/5004/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 202 - Computerized Registry System (§§ 5001 — 5005)›§ 5004 - Interagency co... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 202 - Computerized Registry System (§§ 5001 — 5005) › § 5004 - Interagency coordination | The Secretary of Justice and the Secretary of the Treasury shall establish a joint regulation for the electronic debiting of the filing fees.
The Secretary of Justice and the Secretary of the Treasury may contract the development and establishing of electronic systems with the Notarial Bond Fund of the Puerto Rico Bar ... |
https://law.justia.com/codes/puerto-rico/title-thirty/subtitle-5/chapter-202/5005/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005)›Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005)›Chapter 202 - Computerized Registry System (§§ 5001 — 5005)›§ 5005 - Presentation o... | 2023 Laws of Puerto Rico › TITLE THIRTY - Mortgage Law and Regulations (§§ 1-5 — 5005) › Subtitle 5 - Mortgage and Property Registry Act of 1979; Additional Provisions (§§ 4001 — 5005) › Chapter 202 - Computerized Registry System (§§ 5001 — 5005) › § 5005 - Presentation of documents | The Secretary is hereby authorized to provide by regulations for the filing of documents through simultaneous electronic channels or in stages for all the sections of the Property Registry, as deemed convenient for the operation of the Registry.
History —Feb. 17, 2000, No. 48, § 24, eff. 90 days after Feb. 17, 2000. |
https://law.justia.com/codes/puerto-rico/title-thirty-one/subtitle-preliminary/chapter-1/1/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTY-ONE - Civil Code (§§ 1 — 5305)›Subtitle Preliminary - Subtitle Preliminary Provisions (§§ 1 — 23)›Chapter 1 - The Laws, Their Effects, and the General Rules for Their Application (§§ 1 — 23)›§ 1 - Title | 2023 Laws of Puerto Rico › TITLE THIRTY-ONE - Civil Code (§§ 1 — 5305) › Subtitle Preliminary - Subtitle Preliminary Provisions (§§ 1 — 23) › Chapter 1 - The Laws, Their Effects, and the General Rules for Their Application (§§ 1 — 23) › § 1 - Title | This act shall be known as “The Civil Code of Puerto Rico”.
History —Civil Code, 1930, § 1. |
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