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2551 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirty - Mortgage Law and Regulations (§§ 1-5 — 5005)/
  5. Subtitle 4 - Mortgage and Property Registry Act of 1979; General Provisions/
  6. Chapter 119/
  7. Subchapter I/
  8. 2551
Puerto Rico Legal Code

2551

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A mortgage directly and immediately binds an estate and the rights on which it is imposed, whoever its owner or titleholder may be, to the fulfillment of the obligation for the security of which it was constituted.\nRecorded mortgages shall be strictly real encumbrances, permitting mortgage loans to be made regardless of any subsequent right that is acquired on the same property or mortgage rights.\nMortgages are voluntary or statutory.\nHistory —Mortgage Law, 1979, § 155.