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Section 54
Liability of mortgagor for failure to comply with obligation
(1) If the mortgagee does not comply with the provisions of this paragraph, the court may issue an order prohibiting the sale or sale of the mortgaged property according to the appropriate terms and conditions. (3) After the mortgage property has been sold, the mortgagor or the person who has the right to receive information, or the person who informed the mortgagee of his right to the mortgage property before the sale, shall pay compensation from the mortgagee for the loss caused to him due to non-compliance with the provisions of this paragraph. (4) If the mortgage property is sold at a time or in a manner other than the time and manner chosen by the mortgagee, only on the basis that the maximum price could have been obtained, it shall not be claimed that such sale was not sold in a reasonable manner in accordance with professional standards. (5) The mortgage property which If the mortgagee has sold the mortgaged property in accordance with the prevailing professional standards adopted by the dealer of the same type of property, such sale shall be deemed to have been sold in a reasonable manner in accordance with professional standards. The sale shall be deemed to have been made in full accordance with professional standards and in a reasonable manner.