Kentucky Statutes 426.005 – Personal judgment in action to enforce mortgage or lien — When mortgage may be enforced
Current as of: 2024 | Check for updates
|
Other versions
(1) In an action to enforce a mortgage or lien, judgment may be rendered for the sale of the property and for the recovery of the debt against the defendant personally.
(2) In an action to enforce a mortgage or other lien, a sale of the property may be ordered without giving time to pay money or do other act.
Effective: July 1, 1953
History: Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. secs. 374, 376.
(2) In an action to enforce a mortgage or other lien, a sale of the property may be ordered without giving time to pay money or do other act.
Terms Used In Kentucky Statutes 426.005
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Effective: July 1, 1953
History: Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. secs. 374, 376.