P.R. Laws tit. 5, § 4601
Mortgage credits constituted before submitting the real property to this regime shall be subject to the provisions of the Mortgage Law and of the Property Registry Act, §§ 2001 et seq. of Title 30, but the creditor, upon beginning the collections process, shall direct the action simultaneously for the total amount guaranteed against the cooperative and all the member-owners of the housing units encumbered by such credit. If said credits are constituted after the organization of the real property, the distribution of said credits shall be made according to the provisions of the Mortgage Law and of the Property Registry Act, establishing the amount or part of the lien that corresponds to each housing unit.
History —Sept. 1, 2004, No. 239, § 35A.11.