Washington Code 61.12.050 – When remedy confined to mortgaged property
Current as of: 2023 | Check for updates
|
Other versions
When there is no express agreement in the mortgage nor any separate instrument given for the payment of the sum secured thereby, the remedy of the mortgagee shall be confined to the property mortgaged.
Terms Used In Washington Code 61.12.050
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.