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53 chapters · 855 sections in this title.
2 CMC § 4621 Foreclosure by Judicial or Nonjudicial Process
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Foreclosure by Judicial or Nonjudicial Process. (a) The deed of trust instrument may provide for foreclosure proceedings by judicial or nonjudicial process. (b) If foreclosure is by judicial process then the foreclosure proceedings shall be brought in the Commonwealth Trial Court…
2 CMC § 4622 Foreclosure by Private Power of Sale
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Foreclosure by Private Power of Sale. Nonjudicial foreclosure of a deed of trust by the exercise of private power of sale shall be in accordance with the provisions of this article. (a) Power of Sale. A power of sale means a private power of sale conferred upon the trustee to sel…
2 CMC § 4623 Power of Sale; Reinstatement
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Power of Sale; Reinstatement. (a) Except as provided in subsection (b), the trustor shall have one right of reinstatement. (b) The trustor in default of a Rural Housing Service (RHS) home loan, which is paid in full by the NMHC and RHS has assigned the loan and the Deed of Trust …
2 CMC § 4624 Power of Sale; Notice
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Power of Sale; Notice. Any required notice is deemed delivered if sent by registered or certified mail with proper postage thereon, to the trustor or the trustor’s successor in interest, at the address set forth in the deed of trust instrument, or if personally delivered to the t…
