53 chapters · 855 sections in this title.
2 CMC § 4531 No Private Power of Sale Conferred by Mortgage
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No Private Power of Sale Conferred by Mortgage. No mortgage may be foreclosed other than by the judicial remedies provided by this chapter. Source: DL 4-143, § 19.
2 CMC § 4532 Acceleration of Principal
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Acceleration of Principal. No acceleration of unpaid principal of the underlying obligation shall be effective until 30 days after receipt of the notice of default provided for in 2 CMC § 4534. Source: DL 4-143, § 20.
2 CMC § 4533 Mortgagee's Remedies in the Event of Default
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Mortgagee’s Remedies in the Event of Default. In the event of default by the mortgagor in the performance of his or her obligations under the mortgage or note or any other instrument secured by the mortgage, the mortgagee may elect to do any or all of the following: (a) Commence …
2 CMC § 4534 Notice of Default
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Notice of Default. Not less than 30 days prior to the commencement of any action or proceeding seeking foreclosure of a mortgage, written notice of default shall be served as provided in 2 CMC § 4524. The notice shall be written in the English language and in either Chamorro or C…