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6 chapters · 50 sections in this title.
A.S.C.A. § 37.1101 Foreclosure by action
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The High Court may assess the amount due upon a mortgage whether of real or personal property, and shall render judgment for the amount awarded, and the foreclosure of the mortgage. Execution may be issued on the judgment, as ordered by the court. History: 1978, PL 15-83, 1979, P…
A.S.C.A. § 37.1102 Other mortgages joined
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All prior and subsequent mortgage creditors, whose names are or can be discovered by the party foreclosing a mortgage, shall be made parties to the action. History: 1978, PL 15-83, 1979, PL 16-48 § 1.
A.S.C.A. § 37.1103 Proceeds-How applied
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Mortgage creditors shall be entitled to payment according to the priority of their liens, and not pro rata; and judgments of foreclosure shall operate to extinguish the liens of subsequent mortgages of the same property, without forcing prior mortgagees to their right of recovery…
A.S.C.A. § 37.1104 Defenses
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The mortgagor, or any subsequent mortgagee, may defend the action for foreclosure, and may show any matter in legal or equitable avoidance of the mortgage. History: 1978, PL 15-83; 1979, PL 16-48 § 1.
