1. (a) A request by a mortgagee for appointment of a receiver, the appointment of a receiver, or application by a mortgagee of receivership property or proceeds to the secured obligation does not:

   1. (1) Make the mortgagee a mortgagee in possession of the real property;
   2. (2) Make the mortgagee an agent of the owner;
   3. (3) Constitute an election of remedies that precludes a later action to enforce the secured obligation;
   4. (4) Make the secured obligation unenforceable;
   5. (5) Limit any right available to the mortgagee with respect to the secured obligation; or
   6. (6) Except as otherwise provided in subsection (b) of this section, bar a deficiency judgment pursuant to law of the District other than this act governing or relating to a deficiency judgment.
2. (b) If a receiver sells receivership property that pursuant to § 42-1655(c) is free and clear of a lien, the ability of a creditor to enforce an obligation that had been secured by the lien is subject to law of the District other than this act relating to a deficiency judgment.

History

Mar. 7, 2025, D.C. Law 25-269, § 26