Deficiency judgment provisions not applicable to outside lenders.

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  5. Deficiency judgment provisions not applicable to outside lenders.

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44-8-25. Deficiency judgment provisions not applicable to outside lenders.

Nothing contained in this chapter shall affect the rights or liabilities of a mortgagor or mortgagee under a mortgage given by a purchaser or grantee of real estate to a lender who is not the vendor or grantor of such real estate.

Source: SL 1970, ch 250.


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