District of Columbia § 42-1664 Effect of enforcement by mortgagee.

District of Columbia Statutes

§ 42-1664 — Effect of enforcement by mortgagee.

District of Columbia § 42-1664

Title 42Real Property.

Ch. 16BUniform Commercial Real Estate Receivership.

This text of District of Columbia § 42-1664 (Effect of enforcement by mortgagee.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 42-1664 (2026).

Text

(a)A request by a mortgagee for appointment of a receiver, the appointment of a receiver, or application by a mortgagee of receivership property or proceeds to the secured obligation does not:

(1)Make the mortgagee a mortgagee in possession of the real property;

(2)Make the mortgagee an agent of the owner;

(3)Constitute an election of remedies that precludes a later action to enforce the secured obligation;

(4)Make the secured obligation unenforceable;

(5)Limit any right available to the mortgagee with respect to the secured obligation; or

(6)Except as otherwise provided in subsection (b) of this section, bar a deficiency judgment pursuant to law of the District other than this act governing or relating to a deficiency judgment.

(b)If a receiver sells receivershi

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(a) A request by a mortgagee for appointment of a receiver, the appointment of a receiver, or application by a mortgagee of receivership property or proceeds to the secured obligation does not:

(1) Make the mortgagee a mortgagee in possession of the real property;

(2) Make the mortgagee an agent of the owner;

(3) Constitute an election of remedies that precludes a later action to enforce the secured obligation;

(4) Make the secured obligation unenforceable;

(5) Limit any right available to the mortgagee with respect to the secured obligation; or

(6) Except as otherwise provided in subsection (b) of this section, bar a deficiency judgment pursuant to law of the District other than this act governing or relating to a deficiency judgment.

(b) If a receiver sells receivership property that pursuant to § 42-1655(c) is free and clear of a lien, the ability of a creditor to enforce an obligation that had been secured by the lien is subject to law of the District other than this act relating to a deficiency judgment.