Cautionary notices not originating from judicial orders or administrative provisions shall be cancelled when the right they are subject to is extinguished, and also when the interested parties so agree, by means of the same kind of documents as those which put them into effect. Cautionary notices that have no expiration date may be cancelled four years after their date of issue, except for those that have a different expiration date designated by law. However, this term may be extended by order of the court for additional four-year periods, provided the extensions are presented in the Registry of Record before the entry is cancelled.
History —Mortgage Law, 1979, § 141.