230 R.I. Code R. 230-RICR-40-10-4.2

Current through December 26, 2024

Section 230-RICR-40-10-4.2 - Purpose and Applicability

A. The purpose of this Part is to identify the form of written notices required pursuant to R.I. Gen. Laws §§ 34-27-3.2 and 34-27-7. This Part also clarifies the Mortgagee's duties and consequences of its failure to comply with R.I. Gen. Laws § 34-27-9 and this Part. Readers are cautioned to consult the statutes for additional obligations not repeated in this Part.

B. R.I. Gen. Laws § 34-27-9 and this Part apply to all entities and individuals subject to regulation and supervision by the Rhode Island Division of Banking ("Division") as well as to any Mortgagee holding a loan owned or payable by an Individual Mortgagor unless otherwise exempted as described in § 4.5(B) of this Part.

230 R.I. Code R. 230-RICR-40-10-4.2

Amended effective 10/15/2024