1. If the period for non-admissibility of the claim by lapse of time has expired with respect to the secured debt, the mortgagor may request a judgment for the release of the mortgage. 2. If the mortgaged property passes to a possessor, the latter may plead the barring of the claim in respect of the secured debt by lapse of time, where the mortgagee, without an acceptable excuse, has refrained from bringing the mortgage claim against the possessor for a period of fifteen (15) years.
Interpretation and application must be checked against the official text and current version.