The President of the competent court who had authorized the mortgage, may at short notice
order that the said mortgage be discharged or reduced subject to the debtor depositing with a
court appointed receiver sums covering the principal debt, interest and costs specifically
allocated to the debt. Any application for the discharge or reduction of the mortgage shall be
made within the month the writ of summons relating to the action for the validation of the
mortgage or to the debt was served on the debtor.
Where an action over the debt in dispute is finally determined by the court, all sums relating to
that debt deposited with the receiver shall be specifically allocated to the payment of the debt
owed the plaintiff in preference to all others. The said sums shall remain sequestered throughout
the duration of the proceedings.
Official translation
Spot-checked
In force from 15 December 2010
Source page 50