Section 835-RICR-30-00-2.7 - Mortgage and Lien HoldersA. If there are any outstanding mortgages, liens, or encumbrances, the Commission shall contact each party and inquire if they desire any consideration in the settlement. 1. If the mortgage or lien holder does desire consideration, it must be deducted from the amount of consideration being paid to the property owner on either the Full or the Advance Payment Release. An authorized representative of the mortgagee or lien holder must execute the release and have his/her signature witnessed by a third party. Separate payment checks for the owner and each lien holder desiring consideration will then be processed.2. If a mortgage or lien holder does not require any consideration from the settlement, it must be documented on the Full or Advance Payment Release. An authorized representative of the mortgagee or lien holder is required to sign the release or other document indicating that they do not desire any consideration.835 R.I. Code R. 835-RICR-30-00-2.7