667-38 Deficiency judgment against owner-occupant prohibited. Upon completion of the nonjudicial foreclosure of residential property pursuant to this part, the mortgagee or other person, excluding an association, shall not be entitled to pursue or obtain a deficiency judgment against an owner-occupant unless the debt is secured by other collateral. The debts of other lien creditors are unaffected except as provided in this part. [L 1998, c 122, pt of 1; am L 2012, c 182, 25]

 

 

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