Should the Registrar decide to uphold his original judgment after receiving the application for reconsideration, he shall refuse the registration applied for, within a term of thirty (30) days, and shall instead enter a cautionary notice on the affected property, in which he shall state the legal grounds for the annotation, which must be the same as those contained in the notification of the judgment. This cautionary notice shall expire sixty (60) days after its date of issue.
The refusal shall be notified on that same date in the manner stated in § 2272 of this title, and shall appear in the entry of presentation and at the bottom of the document or in the information system.
History —Mortgage Law, 1979, § 71; Feb. 17, 2000, No. 48, § 18, eff. 90 days after Feb. 17, 2000.