§ 52.643

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; or(5) Limit any right available to the mortgagee with respect to the secured obligation.(P.A. 21-80, S. 25; P.A. 22-26, S. 64.)History: P.A. 21-80 effective July 1, 2022; P.A. 22-26 changed effective date of P.A. 21-80, S. 25, from July 1, 2022, to July 1, 2023, effective May 10, 2022.