Waiver of time limitations
Sec. 5. The owner of the real estate subject to the issuance of
process under a judgment or decree of foreclosure may, with the
consent of the judgment holder endorsed on the judgment or decree
of foreclosure, file with the clerk of the court a waiver of the time
limitations on issuance of process set out in section 3 of this chapter.
If the owner files a waiver under this section, process shall issue
immediately. The consideration for waiver, whether or not expressed
by its terms, shall be the waiver and release by the judgment holder
of any deficiency judgment against the owner.
As added by P.L.2-2002, SEC.14.
Last modified: May 24, 2006