P.R. Laws tit. 30, § 2612

2019-02-20 00:00:00+00
§ 2612. Alienation, cession or submortgage of mortgage credit—Effect on third party

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 shall subrogate himself to all the rights of the conveyer.

History —Mortgage Law, 1979, § 193.