2013 Rhode Island General Laws
Title 5 - Businesses and Professions
Chapter 5-80 - Mortgage Foreclosure Purchasers
Section 5-80-2 - Contract requirement; form and language.
§ 5-80-2 Contract requirement; form and language. – A foreclosure purchaser shall enter into every foreclosure reconveyance in the form of a written contract. Every contract must be written in letters of a size equal to at least twelve (12) point boldface type, in the same language principally used by the foreclosure purchaser and foreclosed homeowner to negotiate the sale of the residence in foreclosure and must be fully completed and signed and dated by the foreclosed homeowner and foreclosure purchaser before the execution of any instrument of conveyance of the resident [residence] in foreclosure.
History of Section.
(P.L. 2006, ch. 242, § 2; P.L. 2006, ch. 287, § 2.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
