[§667-63]  Notice to mortgage creditors. 
(a)  A mortgage creditor having a mortgage lien on a time share interest who
desires notice that another mortgage creditor having a mortgage lien on the
time share interest intends to foreclose and sell the mortgaged time share
interest pursuant to the power of sale under section 667-62, may submit a
written request to the mortgagee foreclosing or who may foreclose the mortgage
by power of sale, to receive notice of the mortgagee's intention to foreclose
the mortgage under section 667-62.  The request for notice:



(1)  May be submitted any time after the recordation
or filing of the subject mortgage at the bureau of conveyances or the land
court, but shall be submitted prior to completion of publication of notice of the
intention to foreclose the mortgage and of the sale of the mortgaged time share
interest;



(2)  Shall be signed by the mortgage creditor desiring
to receive notice, or its authorized representative; and



(3)  Shall specify the name and address of the person
to whom the notice is to be mailed.



(b)  The mortgagee receiving the request shall
thereafter give notice to all mortgage creditors who have timely submitted
their request.  The notice shall be sent by mail or otherwise communicated to
the mortgage creditors not less than seven calendar days prior to the day of
sale.



(c)  No request for a copy of any notice
pursuant to this section nor any statement or allegation in any such request
nor any record thereof shall affect the title to the time share interest or be
deemed notice to any person that any party requesting copy of the notice has or
claims any right, title, or interest in, or lien or charge upon the time share
interest described in the mortgage referred to therein. [L 2005, c 82, pt of
§1]