Book Four: Real Securities · Section One: Mortgage · Chapter Two: Effects of the Mortgage · Part Two: Effects of a Mortgage with Respect to Third Parties · Third: Right of Tracing
A mortgagee secured by a mortgage may initiate foreclosure proceedings and the sale of the mortgaged immovable if the debt is not paid upon maturity, after notifying the debtor and the possessor of the property, and after taking the legal procedures before the competent court in accordance with the applicable legislation.
Interpretation and application must be checked against the official text and current version.
